Crisis Management and Resolution

By Giovanni Bassani; Maurizio Trapanese

basel-iii-beyond-book

This article was first published as a chapter in Basel III and Beyond, by Risk Books.

On the occasion of the second anniversary of the bankruptcy of Lehman Brothers, a Financial Times columnist compared the date of September 15, 2008 (9/15 in American jargon), to the most eventful date in the recent history of mankind: September 11, 2001 (for ever 9/11). The main thrust of the article (Rachman 2010) was that the consequences of the collapse of Lehman Brothers Inc. will have a more lasting imp