Clearly, that has been an issue with the  BIS central bankers’ speeches  3  various existing industry codes that have been in place in a number of markets over many years. It is very evident that they were often ignored, wilfully or otherwise.
4 Sudden reversal in capital flows after Lehman Brothers’ failure After the Lehman Brothers’ collapse in September 2008, Korea experienced a hemorrhage of foreign capital outflows, as there was a rapid increase in repayments of external borrowings by domestic banks and Korean branches of foreign banks. What is termed a “sudden stop” thus occurred.