
Lehman Brothers ruling changes equation for creditors and clients
Protection racket

When gamblers enter a lottery, they are aware of the risks and rewards. The rules are clear, and if they lose their stake, no-one else is to blame. But what if a player didn’t know they were in a lottery – should they have to lose their money regardless?
Clients and affiliates of Lehman Brothers’ UK-based entity found themselves in that trap when the securities firm went bust in September 2008. Due largely to an unexplained last-minute money transfer and a failure to correctly segregate client
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Credit risk
Regulation
EU still undecided on how to implement minimum repo haircuts
Concerns over non-bank leverage may derail push to include haircuts in bank capital rules
Receive this by email