Why Lehman Day Remains Relevant for Systemic Risk

The FTF Exchange Podcast · Oct 25, 2021 · 20m

For Tobias Becker, head of risk capital optimization at Quantile Technologies, Lehman Day remains as a significant reminder of why the battle against systemic risk is ongoing. “September 15, 2008 is when Lehman Brothers … filed for bankruptcy and really almost created a snowball effect,” Becker explains in this latest edition of the FTF Exchange podcast series. That day and the Great Recession that followed mark the start of the global “drive to tackle systemic risk,” says Becker. As many may recall, that event came “very close to bringing down the global financial system,” Becker notes. “It…