Lessons learned from the financial crisis

Author: John Crabb | Published: 19 Sep 2018

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 financial institutions?

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...