IN BRIEF: SIB chief wants global co-operation

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SIB chief wants global co-operation

The Barings collapse highlights the urgency of strengthening international co-operation between regulators, Andrew Large, the head of the Securities and Investment Board, said yesterday.

"We have to ensure that the alarm bells are made to ring inside the lead regulator when something untoward is discovered locally - whether on or off exchange," he said in a speech in Bangkok. Mr Large was reacting to reports that regulators in Britain had not been sufficiently aware of the concerns of Singapore authorities at the size of Barings' derivatives speculation.