What lessons have been learnt over the decade since Lehmans collapsed? (Part II)

Four-part Big Question special

In the second part of our Lehmans 10th Anniversary Special, industry leaders and commentators reflect on the last ten years and discuss how the financial system has improved since the Global Financial Crisis (GFC), where more work needs to be done and what could trigger the next crisis.

Click here to read Part I Didier Saint-Georges, managing director at Carmignac  Abundant liquidity Investors and regulators have a habit of preparing for the last crisis. The 2008 financial crisis taught everyone that financial leverage from banks creates enormous risk for the financial system when asset quality deteriorates.  This lesson led to a global regulatory effort to force banks to recapitalise and improve the credit quality of their books. Therefore, the risk of another bank collapse triggering another global economic recession is behind us, but this will hardly preclu...