Letter: Profit and loss
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Your support makes all the difference.From Mr Emmanuel K. Stavrianakis
Sir: A few questions arise with regard to the ruinous derivatives transactions and the collapse of Barings. If Nick Leeson were "successful" in his dealings, who would have benefited from the enormous profits which would have been made, obviously commensurate with the incalculable risks taken, and, moreover, had these deals been profitable, would a question of "unauthorised" dealings been addressed by the Bank of England?
Yours faithfully,
EMMANUEL K. STAVRIANAKIS
London, W1
28 February
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