Ten years on: The legacy of Lehmans

How the industry can avoid the mistakes of 2008

The image of Lehman Brothers employees packing up their desks and carrying their belongings out of the building following the collapse of the bank on 15 September 2008 became one of the defining symbols of the global financial crisis (GFC).

Those who worked through this period remember fearing the whole financial system could be in danger of collapse as some of the world's biggest financial institutions needed urgent bailouts. Lehmans was obviously not so lucky, although in hindsight many commentators believe not saving the bank was a mistake considering the interconnectedness of the global financial system. However, the central banks then stepped in with huge QE packages - which are only now starting to be unwound - providing a major boost for asset prices over the last decade (click here for Columbia Threadneedle's Tob...