It’s 10 years since the collapse of Lehman Brothers (15 Sept 2008) and the ensuing financial crisis still haunts us today. But how many lessons have been learned? Here, Professor Emma Borg makes the case for a social licence for banks that could make for a more financially stable future for everyone.
The Lehman Brothers collapse triggered a financial crash in 2008
George Santayana said “Those who cannot remember the past are condemned to repeat it” and, with the 10-year anniversary of the Lehman Brothers collapse upon us, now is the time to reflect on the global financial crash and ask just how likely those events are to repeat themselves.