Life after Lehman: five years on
Five years after the collapse of Lehman Brothers, we take a step back to review whether the failure of a systemic financial institution in the future can be managed to prevent the market disruption seen in 2008 and how financial markets are performing today.
Regulatory reform since 2008 has focussed on two areas: reducing the probability of an institution failing (involving substantial focus on capital, liquidity, governance and risk management), and reducing the impact of failure.
Accepting that no amount of regulation will prevent future failures, we discuss the key question of whether we can now have confidence that the failure of another systemic institution could be managed without the contagion seen in 2008…
If you are registered and logged in to the site, click on the link below to read the rest of the Allen & Overy briefing. If not, please register or sign in with your details below.
News from Allen & Overy
News from The Lawyer
Briefings from Allen & Overy
In March 2013 the European Commission consulted on proposals to simplify procedures under the EU merger regulation.
Allen & Overy tax partner Lydia Challen has written an article for British Tax Review as part of its analysis of the Finance Act 2013 provisions.
Analysis from The Lawyer
Advisers get stuck into the disentangling task, to unhitch troubled bank from group
Shell legal director Peter Rees is switching litigation control away from external counsel to a unified global team of in-housers