Mervyn King on the State of Banking 10 Years After Lehman

The transcript discusses the 2008 financial crisis, focusing on the collapse of Lehman Brothers and the subsequent government responses. It highlights the challenges of managing the crisis, including moral hazard and the need for regulatory reforms. The discussion also touches on the rise of populism and its economic impacts, as well as the long-term consequences of Brexit. The importance of pre-crisis planning and ensuring banking system resilience is emphasized.

What were the key factors that led to the decision not to bail out Lehman Brothers?

How did the banking system's response to the crisis differ between the US and the UK?

In what ways did the financial crisis contribute to the rise of populism?

What lessons were learned regarding the regulation of banks post-crisis?