您还会为FRM考试感到烦恼吗？高顿网校精品题库，包含历年真题，模拟试题等题型，题题结合考试大纲贴近考试考点。坚持每天做题练习，一定可以提升备考效果，为赢取属于自己的美好明天加油吧！马上开始练习 >>>
　　In the case of Barings Bank, Nick Leesson incurred huge tradinglosses because:
　　a. he had broad powers and weak managementoversight, which permitted
　　speculative trading and the resultinglosses to be hidden.
　　b. Barings Bank had insufficient liquidityto cover marked-to-market losses.
　　c. the size of Barings' positions was toolarge in relation to the liquidity of the contracts being used.
　　d. the market in Nikkei 225 futurescontracts shifted from contango to normal backwardation.
　　答案解析：选A
　　The basic problem at Barings was operationrisk control. Nick Leeson was in charge of trading and settlement. This dualresponsibility allowed him to hide losses by crossing trades at fabricatedprices. He then booked the profitable side of the trade in accounts that werereported and the unprofitable side in an unreported account. The lack of supervisionalso permitted him to shift from hedged trading strategies to speculative strategiesin an effort to hide previously incurred losses. Liquidity, position size, and contangoare all issues in the Metallgesellschaft case, not Barings. (See Book 1. Topic6)
        FRM考试在线高清视频指导