Breakdown of accounting controls at Barings and Daiwa: Benefits of using opportunity-cost measures for trading activity

Pacific Basin Finance Journal

Volumn 7, Issue 3-4, 1999, Pages 203-228

  Kane, Edward J ^a   Detrask, Kimberly ^b  

^a BOSTON COLLEGE   (United States)

^b FEDERAL RESERVE BANK OF BOSTON   (United States)

Author keywords

Accountability; G28; G3; Incentive conflict; Managerial controls; Opportunity cost accounting

Indexed keywords

EID: 0012684676     PISSN: 0927538X     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0927-538x(99)00016-5     Document Type: Article

References (12)

1. Bank of England, Board of Banking Supervision, 1995. Report of the Board of Banking Supervision Inquiry into the Circumstances of the Collapse of Barings. London, Ordered by the House of Commons.
2. Board of Governors of the Federal Reserve System, 1996. Board Staff Report: Assessment and Recommendations Regarding the Federal Reserve's Supervision of The Daiwa Bank, Limited April 12, 1995. Board of Governors, WA.
3. Hogan W.P. The Barings collapse: explanations and implications. Economic Papers, Economic Society of Australia. 15(3):1996;1-27.
4. Leeson, N., Whitley, E., 1996. Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World. Little, Brown and Company, Boston.
5. Lim, M.C.S., Kuang, N.T.N., 1995. Baring Futures (Singapore) Ptc Ltd: The Report of the Inspectors Appointed by the Minister for Finance. Ministry of Finance, Singapore.
6. Moore, L., 1995. Secrecy versus disclosure: institutional roles of accounting in society. In: Proceedings of the American Accounting Association, Southwest Region, pp. 190-197.
7. Rawnsley, J.H., 1995. Total Risk, Harpern Collins Publishers, New York.
8. Reuters, 1995. October 12: Japanese Minister apologizes over Daiwa case. Tokyo.
9. United States District Court Southern District of New York, 1996. United States of America vs. Toshihide Iguchi. Hon. Lewis A. Kaplan, District Judge, December 16, 1995, Cr. 914.
10. United States Government, 1996a. The Japanese Financial System; Hearing Before the Committee on Banking and Financial Services; House of Representatives October 16, 1995. U.S. Government Printing Office, WA.
11. United States Government, 1996b. Investigation and Oversight of Daiwa Bank and Daiwa Trust; Hearing Before the Committee on Banking, Housing, and Urban Affairs; United States Senate November 27, 1995. U.S. Government Printing Office, WA.
12. United States Government, 1996c. Foreign Bank Supervision and The Daiwa Bank; Hearing Before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Banking and Financial Services; House of Representatives December 5, 1995. U.S. Government Printing Office, WA.