Valukas’ Lehman post-mortem reveals flaws in stress testing

lehmanb

Significant gaps in the stress-testing practices of Lehman Brothers led the US bank to take on excessive risks in its real estate portfolio it might otherwise have avoided, according to a detailed report on the bank's collapse.

Anton Valukas, chairman of the Chicago law firm Jenner & Block, was appointed by a  bankruptcy court in New York in early 2009 to investigate the causes of the Lehman bankruptcy. Yesterday he published his 2,200-page report.

Valukas found the bank had taken risk

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 copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: