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What does the Bahrain Bank incident tell China?
The enlightenment is that the banking industry should vigorously strengthen the authority system and internal supervision system when engaging in financial derivatives trading, and other meaning can give full play to it.

As far as Bahrain Bank is concerned, a staff member can destroy a mature bank in a short time. There are various complicated reasons for this. Among them, improper use of the "leverage effect" of futures, correcting mistakes and treating futures by gambling are the key to this "miracle".

Although Li Sen, who finally escaped, was caught soon, if we can't grasp the key of futures risk control, more "Bahrain events" will occur, including small "Bahrain events" among our individual investors.

Extended data:

Li Sennian, president of Bahrain Bank Singapore Branch, is only 28 years old. Without authorization, he subscribed for Japanese stock index futures with a total price of $7 billion in the name of the bank, and bought short-term interest rate bonds worth $20 billion in the Japanese futures market by short selling.

If these transactions are successful, Li Sen will gain huge profits from them, but the Japanese bond market has been falling since the Hanshin earthquake. According to incomplete statistics, Bahrain Bank lost more than $654.38+0 billion, which has exceeded the total value of the bank's existing $860 million, so Bahrain Bank had to declare bankruptcy. This 233-year-old bank, which played an important role in Britain, has a new owner. On March 2, the police arrested Li Sen.

Baidu Encyclopedia-Bahrain Bank

Baidu Encyclopedia-Bahrain Bank Bankruptcy