Collapse of Lehman Was a Disastrous Mistake, Says Fmr. BOE Deputy Governor Gieve

The video discusses the lessons learned from the financial crisis, emphasizing the need for banks to have more capital and liquidity. It highlights the impact of Lehman Brothers' collapse on global confidence and the subsequent actions by governments to restore stability. The debate on moral hazard and the importance of cooperation in future crises are also covered. Finally, it addresses the challenges faced by European banks in recovering from the crisis, particularly in light of Brexit and the euro crisis.

What factors contributed to the slower recovery of European banks compared to U.S. banks after the financial crisis?

How did the subprime crisis and the euro crisis affect the European banking sector?

What unfinished business remains in the European banking sector as discussed?