Regulators split over response to Lehman bankruptcy
Structured products underwritten by Lehman Brothers were the most direct means by which retail investors were exposed to the collapse of the US investment bank 12 months ago. Regulators in many regions have demanded providers exercise greater caution in transactions with this client segment, or in some cases stop them altogether.
A global study recently published by law firm Allen & Overy on changes to market practice following the Lehman collapse shows that the environment for issuing
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