Lautenschläger: Regulation, supervision and market discipline – striking a balance

Almost nine years ago to the day, the investment bank Lehman Brothers failed. What followed was a financial crisis that wreaked havoc on economies around the globe. But it did more than that. The crisis also shattered many beliefs about how the banking system works and how it should be regulated a...
Lautenschläger: Regulation, supervision and market discipline – striking a balance