Nicholas "Nick" Leeson (born 25 February 1967) is a former derivatives broker whose fraudulent, unauthorized speculative trading caused the collapse of Barings Bank, the United Kingdom's oldest investment bank, for which he was sent to prison.^[1] Since leaving prison in 1999 he became, and subsequently resigned as, the CEO of Irish football club Galway United and is active on the keynote / after-dinner speaking circuit where he advises companies about risk and corporate responsibility.^[2]

Early life[link]

Leeson was born in Watford, where he attended Parmiter's School. After finishing school in 1985 he landed a job as a clerk with a private bank, Coutts. He then moved to Morgan Stanley in 1987 for two years, eventually ending up with Barings in 1989.

Career[link]

In 1992 he was appointed general manager of a new operation in futures markets on the Singapore International Monetary Exchange (SIMEX).^[3] Barings had held a seat on SIMEX for some time, but did not activate it until Leeson was sent over. Leeson was sent to Singapore after he was denied a broker's license in the United Kingdom because of fraud on his application.^{[citation needed]} Neither Leeson nor Barings disclosed this denial when Leeson applied for his license in Singapore.^[4]

In October 1994, Leeson was arrested in Singapore for an incident involving mooning.

From 1992, Leeson made unauthorized speculative trades that at first made large profits for Barings: £10 million, which accounted for 10% of Barings' annual income.^[5] He earned a bonus of £130,000 on his salary of £50,000 for that year.

However, his luck soon went sour and he used one of Barings' error accounts (accounts used to correct mistakes made in trading) to hide his losses. The account was numbered 88888 – 8 being a number considered to be very lucky in Chinese numerology. Leeson claims that this account was first used to hide an error made by one of his colleagues; rather than buy 20 contracts as the customer had ordered, she had sold them, costing Barings £20,000.

However, Leeson used this account to cover further bad trades. He insists that he never used the account for his own gain, but in 1996 the New York Times quoted "British press reports" as claiming that investigators had located approximately $35 million in various bank accounts tied to him.^[3]

Management at Barings Bank also allowed Leeson to remain Chief Trader while also being responsible for settling his trades, jobs usually done by two different people. This made it much simpler for him to hide his losses from his superiors.

Downfall[link]

By the end of 1992, the account's losses exceeded £2 million, which ballooned to £208 million by the end of 1994.

The beginning of the end occurred on 16 January 1995, when Leeson placed a short straddle in the Singapore and Tokyo stock exchanges, essentially betting that the Japanese stock market would not move significantly overnight. However, the Kobe earthquake hit early in the morning on 17 January, sending Asian markets, and Leeson's trading positions, into a tailspin. Leeson attempted to recoup his losses by making a series of increasingly risky new trades (using a Long-Long Future Arbitrage), this time betting that the Nikkei Stock Average would make a rapid recovery. However, the recovery failed to materialize.

Leeson left a note reading "I'm Sorry" and fled Singapore on 23 February. Losses eventually reached £827 million (US$1.4 billion), twice the bank's available trading capital. After a failed bailout attempt, Barings was declared insolvent on 26 February.

After fleeing to Malaysia, Thailand, and finally Germany, Leeson was arrested and extradited back to Singapore on 20 November 1995, though his wife Lisa was allowed to return to England. While he had authorisation for the 16 January short straddle, he was charged with fraud for deceiving his superiors about the riskiness of his activities and the scale of his losses. Several observers have placed much of the blame on the bank's own deficient internal auditing and risk management practices. Indeed, the Singapore authorities' report on the collapse was scathingly critical of Barings management, claiming that senior officials knew or should have known about the "five eights" account.

Leeson pleaded guilty to two counts of "deceiving the bank's auditors and of cheating the Singapore exchange",^[6] including forging documents.^[7] Sentenced to six and a half years in Changi Prison in Singapore, he was released from prison in 1999, having been diagnosed with colon cancer, which he survived despite grim forecasts at the time.

While in prison, in 1996, Leeson published an autobiography, Rogue Trader, detailing his acts. A review in the financial columns of the New York Times stated, "This is a dreary book, written by a young man very taken with himself, but it ought to be read by banking managers and auditors everywhere."^[3] In 1999, the book was made into a film of the same name starring Ewan McGregor and Anna Friel.

The events also form the subject matter of a 1996 documentary film made by Adam Curtis, titled 25 Million Pounds.^[1]

Aftermath[link]

Nick Leeson's first wife Lisa divorced him while he was in prison. He married Leona Tormay, in 2003^[8] and they now live in Barna, County Galway, in the west of Ireland. He is a regular guest on the after-dinner and keynote speaking circuit.^[9] He was appointed Commercial Manager of Galway United Football Club in April 2005, rising to the position of General Manager in late November 2005. By July 2007 he had become the club's CEO^[10] but in February 2011, Leeson resigned his position.^[11] Leeson remains as a member of the board of directors of the club, but no longer has any role in the day to day operation of the club. He still deals in the stock markets, but only with his own money.^[10]

In June 2005, Leeson released a new book, Back from the Brink: Coping with Stress. It picks up his story where Rogue Trader left off, including in-depth conversations with psychologist Ivan Tyrrell asserting that the prolonged periods of severe stress that affected Leeson's mental and physical health^[context?] have parallels in many other people's lives.

Trading jacket[link]

On 5 April 2007, the Guardian newspaper reported that KPMG, the liquidators of Barings PLC, had sold a trading jacket thought to have been worn by Nick Leeson while trading on SIMEX in Singapore. The jacket was offered for sale on eBay but it failed to reach its reserve price despite a highest bid of £16,100. It was subsequently sold for £21,000.^[12] In October 2007 a similar jacket used by Leeson's team but not thought to have been worn by Leeson himself sold at auction for £4,000.^[13]

Publications[link]

• Leeson, Nick; Whitley, Edward (March 1996). Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World. ISBN 0-316-51856-5. 

• Leeson, Nick; Tyrrell, Ivan (July 2005). Back from the Brink: Coping with Stress. ISBN 0-7535-1075-8. 

Notes[link]

See also[link]

• Speculation in financial markets
• List of trading losses
• Jérôme Kerviel
• Kweku Adoboli
• Galway United
• CITIC Group

External links[link]

• Nick Leeson official website
• Nick Leeson on Twitter
• Nick Leeson at the Internet Movie Database
• "Nick Leeson". The Guardian. http://www.guardian.co.uk/profile/nickleeson. 
• Works by or about Nick Leeson in libraries (WorldCat catalog)
• Malcolm Borthwick (2005-02-23). "Leeson's legacy lives on in Singapore". BBC News. http://news.bbc.co.uk/2/hi/business/4288271.stm. 
• "Business: The Economy How Leeson broke the bank". BBC News. 1999-06-22. http://news.bbc.co.uk/2/hi/business/375259.stm. 
• "Galway United Football Club". http://www.galwayunitedfc.ie. 
• Adeline Loh. "Singapore's Most Famous Convicts - Bank Bust". http://singapore.thinkexpats.com/places/67-uniquely-singapore/90-singapores-most-infamous-convicts.html?start=2. 

Jeremy Paxman
Paxman in September 2009
Born	Jeremy Dickson Paxman (1950-05-11) 11 May 1950 (age 62) Leeds, West Yorkshire, UK
Residence	Stonor, Oxfordshire
Nationality	British
Education	MA (St Catharine's College, Cambridge)
Alma mater	Malvern College, St. Catharine's College
Occupation	Journalist, news presenter
Employer	BBC
Salary	£1,040,000 (2006) per annum[1]
Television	Newsnight University Challenge
Spouse	Elizabeth Ann Clough (?-present)
Children	2 daughters, 1 son
Parents	Keith and Joan Paxman
Relatives	Giles Paxman (brother)

Jeremy Dickson Paxman^[2][3] (born 11 May 1950) is an English journalist, author and broadcaster. He has worked for the BBC since 1977. He is noted for a forthright and abrasive interviewing style, particularly when interrogating politicians. His regular appearances on the BBC2's Newsnight programme have been criticised as aggressive, intimidating and condescending, and also applauded as tough and incisive.^[4] He is also the question master of University Challenge, succeeding Bamber Gascoigne when the programme was revived in 1994.

Early life[link]

Paxman was born in Leeds. His mother, Joan, born 1920, was a housewife.^[5] Paxman is the eldest of four children and has two brothers, one of whom, Giles, is the British Ambassador to Spain (having previously been ambassador to Mexico), and a sister, Jenny, a producer at BBC Radio.

He was brought up in Yorkshire and Peopleton, near Pershore, Worcestershire. In 1964, he went to Malvern College^[2][6] and read English at St Catharine's College, Cambridge,^[7] where he edited the undergraduate newspaper Varsity.^[3][8][9] While at Cambridge, Paxman was briefly a member of the Labour Club.

Paxman was the subject in January 2006 of an episode of the BBC genealogy series Who Do You Think You Are?.^[5] The documentary concluded him to be descended from one Roger Packsman, a 14th century politician from Suffolk who had changed his name to Paxman (man of peace, "Pax" translates from Latin as peace) to impress "the electorate." His maternal grandmother was born in Glasgow, Scotland. The programme generated much publicity prior to its transmission by displaying the usually pitiless Paxman teary-eyed on camera when informed that his impoverished great-grandmother Mary Mackay's poor relief had been revoked because she'd had a child out of wedlock.^[5][10]

Career[link]

Journalism[link]

Paxman joined the BBC's graduate trainee programme in 1972. He started in local radio, at BBC Radio Brighton. He moved to Belfast, where he reported the Troubles. He moved to London in 1977. Two years later he transferred from the Tonight programme to Panorama. After five years reporting from places such as Beirut, Uganda and Central America, he read the Six O'Clock News for two years, before moving to BBC1's Breakfast Time programme.

Newsnight[link]

Paxman became a presenter of Newsnight in 1989.

On 13 May 1997 he spoke with Michael Howard in what became the programme's most notorious interview. Howard, who had been Home Secretary until thirteen days earlier, had held a meeting with Derek Lewis, head of the Prison Service, about the possible dismissal of the governor of Parkhurst Prison, John Marriott. Howard, having given evasive answers, was asked by Paxman the same question – "Did you threaten to overrule him [Lewis]?"  – a total of twelve times in succession (14 if the first two inquiries worded somewhat differently and some time before the succession of 12 are included). Howard did not give a direct answer, instead repeatedly saying that he "did not overrule him", and ignoring the "threaten" part of the question.^[11] Later, during a 20th anniversary edition of Newsnight, Paxman told Howard that he had simply been trying to prolong the interview since the next item in the running order wasn't ready.^[12] In 2004 Paxman raised the subject again with Howard, by then leader of the Conservative Party. This time, Howard laughed it off, saying that he had not threatened to overrule the head of the Prison Service.^{[citation needed]} Secret Home Office papers^[13] released in 2005 under the Freedom of Information Act failed to corroborate this.

In 1998, Denis Halliday, a United Nations Humanitarian Coordinator, resigned his post in Iraq, describing the effects of his own organisation's sanctions as genocide.^[14] Paxman asked Halliday in a Newsnight interview, "Aren't you just an apologist for Saddam Hussein?"

Later that year Paxman won a Royal Television Society award.

In 2003, Prime Minister Tony Blair opted to make the case for the invasion of Iraq via questions from a TV studio audience, mediated by Paxman. The programme is chiefly remembered for the fact that Paxman asked Blair if he and U.S. President Bush prayed together. Blair replied, "No, Jeremy. We don't pray together."^[15]

During the 2005 General Election some viewers complained to the BBC that Paxman's robust questioning of party leaders had been rude and aggressive.^[16] There was criticism of his five-in-the-morning results interview with George Galloway. Referring to Oona King, whom Galloway had just defeated, Paxman asked more than once whether he was proud of having got rid of "one of the very few black women in Parliament."^[17] An exasperated Galloway cut the interview short. Paxman later made a taped guest appearance on the Celebrity Big Brother reality TV show challenging Galloway to a follow-up session "with or without your leotard" (Galloway, a Big Brother contestant at the time, had in an earlier much-publicised stunt during the show dressed up in a leotard).^[18]

Paxman's brusque manner is not restricted to political interviews. When Newsnight's editor decided to broadcast brief weather forecasts instead of financial reports he openly ridiculed the decision: "And for tonight's weather – it's April, what do you expect?".^[19] The financial reports were re-introduced after a few weeks. In a Radio Times poll of 3,000 people in 2006, he was voted the fourth "scariest" TV celebrity.^[20]

Other TV work[link]

Paxman has presented the weekly TV programme review Did You See?, You Decide and, most notably, since 1994, University Challenge, bringing him the distinction of "longest-serving current quizmaster on British TV."^[21] He presented on BBC America and BBC World a weekly compilation of highlights from the domestic edition of Newsnight from February 2008 until shortly after the 2008 U.S. election, when the American programme was cancelled. The programme is still aired on BBC World.^[15][22][23]

In April 2006 The Sun claimed that Paxman earned £800,000 for his Newsnight job and £240,000 for presenting University Challenge, bringing his TV earnings to a yearly total of £1,040,000. This was one of a series of BBC salary leaks in the tabloid press that prompted an internal BBC investigation.^[24]

Beginning on 15 February 2009, his four part documentary The Victorians aired on BBC One. The series explores Victorian art and culture.^[25] From 27 February 2012, the BBC is broadcasting Paxman's series Empire, examining the history and legacy of the British Empire. This programme had its fifth and final episode broadcast on March 26 2012 on BBC One.

Books[link]

Paxman's first book, A Higher Form of Killing (1982), written with then BBC colleague and friend Robert Harris, arose out of an edition of the Panorama programme they had made together on biological and chemical warfare. In a revised 2002 version they asserted that Iraq possessed chemical and biological weapons. In 1985 Paxman published Through the Volcanoes: A Central American Journey, an eyewitness account of people, places and politics. Friends in High Places: Who Runs Britain? (1991) was the result of numerous detailed interviews with the powerful or highly influential, what used to be called The Establishment. Paxman's The English: A Portrait of a People (1999) was not the first of his books to be greeted with wide critical acclaim. The Political Animal: An Anatomy (2003), again based on extensive interviews, examines the motivations and methods of those who constitute the author's professional prey: Westminster politicians. The otherwise-republican Paxman's On Royalty, which entailed the cooperation of Britain's royal family, became by the time it was published in 2006, to his own surprise and somewhat to the surprise of others, a defence of the country's constitutional monarchy. His recent books have been big sellers. His book, The Victorians: Britain through the Paintings of the Age, published in 2009, was accompanied by a BBC documentary series. In his introduction, Paxman acknowledged that the Irish writer Neil Hegarty had played a significant role in editing the book and bringing it to completion. Paxman was praised by academics and figures in the publishing industry for acknowledging Hegarty's substantial contribution. Paxman stated that since all television is a "collaborative exercise", it was "rather silly for this book - which accompanies a television series - to appear with only one name on the cover."^[26] Paxman's most recent book is a study of the British Empire, Empire: What Ruling the World Did to the British.^[27][28]

Radio[link]

Paxman presented the flagship BBC Radio 4 show Start the Week from 1998 to 2002.

Paxman and the BBC[link]

While John Birt was Director General of the BBC, the British press from time to time reported Paxman's criticism of his boss. The former, suspected at first to be an outsider brought in by a hostile government to supervise the BBC's break-up and ultimate sell-off, in turn publicly questioned the confrontational approach, as he saw it, of certain TV and radio interviewers. This was seen at the time as coded criticism of Paxman himself and of his BBC colleague John Humphrys.^[29][30]

On 24 August 2007 Paxman delivered the MacTaggart Memorial Lecture at the Edinburgh International Television Festival.^[31] In it he was critical of much of contemporary TV in Britain. He expressed concern that as a consequence of recent production scandals the medium was rapidly losing public trust. Speaking of prime minister Tony Blair's criticism of the mass media at the time he left office, Paxman asserted that often press and broadcasting may be "oppositional" in relation to the government of the day this could only benefit democracy. Those Reithian goals, to "inform, educate and entertain," still remained valid. Paxman took the opportunity to dismiss as "inaccurate" the attribution to himself, which was, in fact, Louis Heren^[32], of the oft-quoted "Why is this lying bastard lying to me?" as the supposed dominant thought in his mind when interviewing senior politicians. He called on the television industry to rediscover a sense of purpose.

Awards and honours[link]

In 1996 Paxman received BAFTA's Richard Dimbleby Award for "outstanding presenter in the factual arena." Two years later he won the Royal Television Society's Interviewer of the Year Award for his somewhat notorious Newsnight interview (see above) with Michael Howard, as well as the Broadcasting Press Guild's award for best "non-acting" performer. He got another Richard Dimbleby Award in 2000 and was nominated for the award in 2001 and 2002. He won the Royal Television Society TV journalism presenter of the year award in 2002 and 2007.

Paxman was given an honorary doctorate by the University of Leeds in the summer of 1999 and in December that year received an honorary degree from the University of Bradford.^[33] In 2006 he received an honorary doctorate from the Open University. Among those at the ceremony were three members of the Open University's 1999 University Challenge team. Paxman is a Fellow by special election of St Edmund Hall, Oxford, and an Honorary Fellow of his alma mater, St. Catharine's College, Cambridge.

Personal life[link]

Paxman in 2007

Paxman lives with his partner Elizabeth Ann Clough in Stonor, southeast Oxfordshire. They have three children: Jessica, and twins Victoria and Jack. He supports Leeds United and his favourite players are Billy Paynter and Robbie Rogers, he also enjoys fly fishing in his leisure time.^[34] He is vice-chairman of the Wild Trout Trust conservation charity. He is also a patron of the charity Sustrans.

When, in his twenties, Paxman unsuccessfully applied for the vacant editorship of the venerable Labour-supporting weekly The New Statesman, he said he considered himself a socialist.^[35][36] He had previously stood as a Communist candidate in school elections.^[36] More recently, he has been described as "the archetypal floating voter", and Jon Snow once said that Paxman's greatest strength was being "not very political".^[36] Paxman himself has stated:

I do understand we have to have a government, and I do firmly believe in democracy. So it's not true to say I'm not a political person. I am a political person. But I'm not a party political person. I don't believe there is a monopoly of wisdom in any one party. I suppose as one gets older - I would have described it at the age of 21 as the process of selling out, but another way of looking at it is to say, actually, the world is not a very simple place, and that as you get older simple-minded solutions seem less attractive.^[36]

He has periodically suffered from depression.^[37] It has recently been wrongly asserted that he attended Charterhouse School.^[38] Paxman has denied these claims.^[39]

Criticism[link]

Paxman has been publicly criticised over his and his partner's home help arrangements.^[40] Having advertised on a Romanian website, they hired two people at below minimum wage without a written contract. While this is not illegal in the UK if employees live in, Paxman, known for grilling interviewees on workers' rights issues, was criticised when his employees went public, claiming to have been paid "the bare minimum".^[41]

Paxman's controversial remarks about the Scots have provoked anger at parliamentary level. Twenty Scottish Members of Parliament signed a House of Commons motion in March 2005 condemning him for comparing supposed Scottish dominance at Westminster to British rule in India: a "Scottish Raj" was running the UK, said Paxman. The row came right after a Cabinet minister had complained that the Newsnight host had been offensive about his Glasgow accent. Paxman's response served further to fan the flames.^[42] In an introduction to a new edition of Chambers Dictionary in August 2008 Paxman labelled the work of Scotland's national poet Robert Burns as "sentimental doggerel."^[43] Paxman himself is quarter-Scottish through his maternal grandmother, a fact which he stated has led to many of his comments being misunderstood as he regards the Scots "with affection".^[5]

Paxman has been widely condemned as disrespectful when commented in an absurd way the possible exit of Greece from the Eurozone ('like bad kebab vomiting") on the 31st of May 2012 edition of Newsnight. He received many angry messages from the audience on twitter and other media accusing him for racist and inappropriate stereotypical analogies ^{[44] [45]}. Paxman has come under fire from critics of US foreign policy, including fellow journalist John Pilger, for his involvement with the British-American Project about which, according to The Guardian, "even its supporters joke that it's funded by the CIA."^[46]

Paxman in popular culture[link]

Paxman became a focus of media attention in his own right in October 2000 when the stolen Enigma machine, which had been taken from Bletchley Park Museum, was inexplicably sent to him in the post. He had it returned to its rightful location.^[47]

Charlie Brooker once opined in his Screen Burn columns that one of his new policies for the BBC were he put in charge would be to "let Paxman actually hit people", describing this as "self-explanatory".^[48] Similarly, Graeme Garden suggested on I'm Sorry I Haven't A Clue in 1994 that one way to increase Newsnight's ratings would be to "arm Jeremy Paxman".^[49]

Paxman and his presenting style were also frequently parodied by comedian Chris Morris in the satirical TV series The Day Today and Brass Eye. Harry Enfield also parodied Paxman in his short-lived Sky series, Harry Enfield's Brand Spanking New Show.

Bibliography[link]

• Harris, Robert; Jeremy Paxman (1982). A Higher Form of Killing: The Secret Story of Chemical and Biological Warfare. New York, N.Y.: Hill and Wang. ISBN 0-8090-5471-X.  New edition published as Harris, Robert; Jeremy Paxman (2002). A Higher Form of Killing: The Secret History of Gas and Germ Warfare. London: Arrow. ISBN 0-09-944159-4. .
• Paxman, Jeremy (1985). Through the Volcanoes: A Central American Journey. London: Paladin. ISBN 0-586-08572-6. 
• Paxman, Jeremy (1991). Friends in High Places: Who Runs Britain?. London; New York, N.Y.: Penguin. ISBN 0-14-015600-3. 
• Paxman, Jeremy (1999). The English: A Portrait of a People. London: Penguin. ISBN 0-14-026723-9. 
• Paxman, Jeremy (2003). The Political Animal: An Anatomy. London: Penguin. ISBN 0-14-028847-3. 
• Paxman, Jeremy (2006). On Royalty. London; New York, N.Y.: Viking. ISBN 0-670-91662-5. 
• Paxman, Jeremy (2009). The Victorians: Britain Through the Paintings of the Age. London: BBC Books. ISBN 978-1-84607-744-9. 
• Paxman, Jeremy (2011). Empire: What Ruling the World Did to the British. London: Viking. ISBN 978-0-670-91957-4. 

References[link]

External links[link]

Wikimedia Commons has media related to: Jeremy Paxman

• Biography of Jeremy Paxman, member of the BBC's Press Office, at the official website of the BBC.
• Profile of Jeremy Paxman at Speaker's Associates
• BBC 'Newsnight' biography of Jeremy Paxman
• Official website of BBC's Newsnight programme
• Paxman questioned by fellow-journalists at London's Frontline Club, February 2008
• Paxman interviewed at length on the US Charlie Rose Show, June 2007

Ewan McGregor
McGregor at the Venice Film Festival in 2009
Born	Ewan Gordon McGregor (1971-03-31) 31 March 1971 (age 41) Perth, Scotland
Occupation	Actor
Years active	1993–present
Spouse	Eve Mavrakis (1995–present)
Children	4

Ewan Gordon McGregor (born 31 March 1971) is a Scottish actor who has had success in mainstream, indie, and art house films. He is perhaps best known for his roles as heroin addict Mark Renton in the drama Trainspotting (1996), Jedi Obi-Wan Kenobi in the Star Wars prequel trilogy (1999–2005), poet Christian in the musical film Moulin Rouge! (2001), and storyteller Edward Bloom in Tim Burton's Big Fish (2003). He has also received critical acclaim for his starring roles in theatre productions of Guys and Dolls (2005–07) and Othello (2007–08). McGregor was ranked No. 36 on Empire magazine's "The Top 100 Movie Stars of All Time" list in 1997.^[1]

Early life[link]

Born in the Royal Infirmary in Perth, Scotland, McGregor was brought up in the nearby small town of Crieff, where he attended the independent Morrison's Academy. His mother, Carole Diane (née Lawson), is a teacher and school administrator, and his father, James Charles Stewart "Jim" McGregor, is a physical education teacher.^[2][3] He has an older brother, Colin, who is a former Tornado GR4 pilot in the Royal Air Force.^[4][5] He is the nephew of actor Denis Lawson and the late actress Sheila Gish, and the step-cousin of the late actress Lou Gish.^[6] McGregor studied drama at the Guildhall School of Music and Drama.^[6]

Career[link]

Film and television[link]

In 1993, six months prior to his graduation from Guildhall, McGregor won a leading role in Dennis Potter's six-part Channel 4 series Lipstick on Your Collar.^[6] That same year, he starred in the BBC adaptation of Scarlet and Black with a young Rachel Weisz, and made his film debut in Bill Forsyth's Being Human.^[7] In 1994, McGregor earned critical praise for his performance in the thriller Shallow Grave, for which he won an Empire Award,^[8] and which marked his first collaboration with director Danny Boyle.^[6] His international breakthrough followed in 1996 with the role of heroin addict Mark Renton in Boyle's Trainspotting, an adaptation of Irvine Welsh's novel of the same name.^[6][7] The film was the first of several times that McGregor would appear nude on screen; he told The Scotsman in 2003 that audiences in the United States are "a bit worried about seeing my old chap", referring to his foreskin and the cultural influence of infant circumcision in the U.S.