As investors mark the eighth anniversary of the collapse of Lehman Brothers on 15 September 2008, fears are growing key lessons have not been learnt since the financial crisis and it could simply have been "an advance warning of something bigger" to come.
One legacy is investors are far more aware of the issues behind the crisis, including a highly leveraged banking sector (Lehman Brothers was leveraged up as much as 40 times) and counterparty risk, which has been the focus of both global governments and regulators. Andy Clark, CEO of HSBC Global Asset Management UK, commented investors today are "interested not just in what they are invested in, but who they are invested with". However, many commentators have warned the global response has not been powerful enough. Last month, a hard-hitting report by the Adam Smith Institute argue...
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