Which of the following assertions regarding the demise of Barings Bank, one of England's oldest and most reputable banks, is true?

A. The primary cause of the fall of the Barings Bank, which was immortalized in the movie Rogue Trader, was Nick Leeson's unscrupulous activities.

B. Barings Bank has come under fire for its ineffective internal controls, which allowed Nick Leeson to temporarily conceal the losses.

C. This instance also demonstrates the foolishness of putting all of your faith in one person without having proper oversight and knowledge of his activities.

D. Only statements A and B are correct.

E. Statements A, B and C are all correct.