The collapse of Lehman Brothers one year on

17 September 2009 0:27 am

Stockmarkets across the world tumbled, the FTSE 100 fell from 5,400 to 3,500, while the fallout from structured products backed by Lehmans, KSF IoM offshore bonds and the AIG enhanced fund asked the industry awkward questions about the way retail financial products had been marketed and the disclosure of investment risk.

One year on, the FTSE is bouncing back and has broken through the 5,000 barrier while the housing market is showing tentative signs of a recovery. But the shadow of Lehmans is still with us, from the political debates about proposed regulatory reforms to the public's appetite for and understanding of risk. Money Marketing asked five industry experts for their view on the extent to which the world changed on September 15 last year and the lessons that should be learnt

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