Lehman's legacy
The collapse of Lehman Brothers in September 2008 has become a watershed for financial markets. Tom Bolland, former chief risk officer at Lehman Brothers International (Europe), speaks to Christopher Whittall about the bankruptcy and administration of the UK broker-dealer
The Basel Committee on Banking Supervision last month revealed how much capital banks will be expected to hold under Basel III, with the entire package now due to be presented to the Group of 20 nations in Seoul in November. But two years after a liquidity squeeze brought Lehman Brothers to its knees, one of its senior risk managers believes regulators need to further enhance certain aspects of the rules to prevent a repeat.
“I still believe monitoring liquidity doesn’t get enough focus
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