91Èȱ¬

Nick Leeson, the rogue trader who caused the downfall of Barings Bank, says too many people are still being allowed to get away with illegal activities within the financial industry.

It is 20 years this week since his activities were uncovered which caused the bank to lose nearly a billion pounds.

He spent five years in a Singapore prison, was released in 1999 and now lives with his family in Ireland.

Mr Leeson told Adam Parsons on Wake Up To Money that he has always been clear that what happened at Barings was his fault.

"The cause of the collapse of the bank was my illegal activity, I did that knowingly and therefore am responsible for all of the consequences."

When asked what he thinks the problem is now he said, "There isn't really a consequence to action anymore, banks are being handed out some very serious fines and still it's having no effect".

This clip is originally from 5 live Wake Up To Money on Tuesday 24 February 2015.