The international financial system after the Lehman shock  These two years following the failure of Lehman Brothers have been indeed a tumultuous period for the global economy and the international financial system. Following the failure of Lehman Brothers, a financial crisis erupted on a global scale, and the global economy deteriorated simultaneously and rapidly.
Crises are nature’s way of forcing change – breaking down old structures, shaking loose negative habits so that something new and better can take their place”2. Let us carry the message and lessons offered by crisis and move forward in building a more robust and resilient financial system. Thank you.