One
The inventor of aircraft turbine engines, German Pa Busi Hein-depth analysis from the perspective of aircraft flight safety accident, put forward the famous "Hain law."
"Hain law" is intended to illustrate, behind every serious accident, there must be 29 minor accidents and 300 threatened and attempted from 1000 onwards accidents. The rules stress two points: First, the occurrence of the accident is the result of the accumulated amount; the second is then the perfect system, not the letter will lead to a serious accident.
"Hain law" revealed to us: a system whereby a provision, a process that should act according handled. Trouble, the easy way, the work will be luck, Jerry. Maybe once, twice operation is no problem, but the habit, over time, does not regulate the operation will bring great risks, once the external factors that trigger, it will cause accidents.
two
February 26, 1995, a news shocked the world. Has a 233-year history, according to core capital ranked 489 in the world's top 1,000 banks in the British Barings Bank, due to speculative trading in financial futures were huge losses, was forced to declare bankruptcy.
In 1992, Nick Leeson of Barings Bank was appointed as the headquarters of Bahrain Futures Singapore (Singapore) Ltd managing director and head trader. Later that summer, according to the requirements of the London headquarters, Harrison established a "88888" and "error account" for smaller record trading errors, and discretion in Singapore. After a few weeks, Bahrain headquarters for a set of new computer systems, decided to re-Singapore Bahrain futures companies still record all errors via "99905" account report to London, "88888" were asked to stop using the account.
However, due to the implementation of the system is not in place, "88888" account has not been revoked. From the first time following a loss of £ 20,000 contract errors start, "88888" step by step account losses increased to 20 million, 30 million, 50 million pounds, surged 23 February 1995 to a staggering 860 million pounds - more than the equity capital of 470 million pounds, leading to the eventual collapse of Barings Bank.
Since the implementation of the system is not in place, a little "88888" account become rewrite the history of Barings props.
Barings Bank collapse case tells us: any small problem, it may be cause accidents "fuse" or even a "time bomb." We have a "small in the big," the keen eye, pay attention to every sign, signs and risks, timely implementation of the rules and regulations in place, implement efforts to reduce or even avoid accidents.