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Lehman Brothers Examiner’s Report: Congressional Testimony
Our Price:
$
10.00
By
Mary L. Schapiro
Year:
2010
Pages:
14
Binding
Paperback
ISBN
9781437933666
Product Code:
1437933661
Description
When Schapiro became Chairman of the SEC in Jan. 2009, the agency and financial markets were still reeling from the events of the fall of 2008. Since that time, the SEC has worked to review its policies, improve its operations and address the legal and regulatory gaps that came to light during the crisis. The Lehman failure sheds light on many interconnected and mutually reinforcing causes that contributed to the failure of many major financial institutions, both bank and non-bank. This testimony describes the SEC structure for the supervision of invest. banks and their holding co., the failure of Lehman, the lessons learned from the Consolidated Supervised Entity program, and the legislative and regulatory initiatives that are necessary.
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