Ten years have passed since the events of September 15
2008 which saw financial services firm Lehman Brothers
collapse, arguably the most dramatic event in that
year’s global financial crisis. That a firm with
over $600 billion in assets was allowed to fail ignited a
debate that continues to this day.
IFLR’s John Crabb speaks to New York-based
Linklaters counsel Jacques Schillaci, who specialises in US
bank regulation, about the collapse, the crisis and
regulators’ steps to prevent events of this scale
from happening again.
It has been 10 years since the collapse of Lehman
Brothers; how has this impacted the way we regulate large
If you look at the history of financial regulation in the
US, the global financial crisis that surrounded
Lehman’s collapse is probably one of the two or
three major events in the past 100 years in terms of
precipitating change; the...