FT SERIES - ARCHIVED
Resources
A four-day series on the repercussions for bankers, regulators and governments of the September 2008 fall of Lehman Brothers
Opinion: Now we must build on Basel’s good work
The proposed reforms strike a good balance between strengthening banks’ balance sheets and allowing for sustainable economic recovery. But there is still some way to go, writes Emilio Botín
John Gapper: Paulson made the right sacrifice
Two years ago John Gapper argued that the US Treasury secretary ought to let Lehman Brothers fail. He still believes it was a gamble worth taking
Martin Wolf: Basel, the mouse that did not roar
The world needs a smaller and safer banking industry. The defect of the new rules is that they will fail to deliver this, writes Martin Wolf
John Kay: We must press on with breaking up banks
Pledges of co-ordinated international action to reform global finance in the aftermath of the crisis have proved empty, writes John Kay
Opinion: Lessons of a banking collapse, in Lehman’s terms
Lehman Brothers had two distinct histories: one of a migrant family that created an American success story, the other of the contemporary Wall Street types who threw it all away, writes Peter Chapman
Analysis: Financial regulation
Two years on from the Lehman failure, plans to tighten controls on banks may simply shift the next crisis to the trickier ‘shadow’ part of the industry
Gideon Rachman: Why 9/15 changed more than 9/11
The attacks on New York and Washington in 2001, horrifying as they were, did not shake US dominance of the global political and economic system. It was Lehman’s collapse that truly marked the end of the “unipolar moment”, writes Gideon Rachman
Opinion: It is time to dance to a new long-term tune
Our collective over-emphasis on policy for the short term over long term in the era before Lehman’s fall has returned to haunt us. For the economy as a whole, however, there are seeds of prosperity, writes Glenn Hubbard
Clive Crook: We have failed to muffle the banks
The Great Recession showed that financial regulation needed more than tweaking. Obscured by politics and special pleading, the lesson has still not been learnt, writes Clive Crook
Opinion: Basel needs firm hand, fewer delays
Regulators should push banks to raise fresh capital by forbidding dividends or limiting executive compensation, write David Scharfstein and Jeremy Stein
