The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Sat, 22 May 2021 13:39:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 Governance of the 25 Largest European Banks a Decade After the Crisis https://corpgov.law.harvard.edu/2018/06/11/governance-of-the-25-largest-european-banks-a-decade-after-the-crisis/ https://corpgov.law.harvard.edu/2018/06/11/governance-of-the-25-largest-european-banks-a-decade-after-the-crisis/#respond Mon, 11 Jun 2018 13:49:50 +0000 https://corpgov.law.harvard.edu/?p=107716?d=20180611094950EDT Posted by Lisa Andersson, Aktis; and Stilpon Nestor, Nestor Advisors, on Monday, June 11, 2018
Editor's Note: Lisa Andersson is Head of Research of Aktis and Stilpon Nestor is Managing Director and Senior Advisor at Nestor Advisors. This post is based on their recent Nestor Advisors/Aktis publication.

This summer marked the 10-year anniversary of the start of the global financial crisis. Over the 18 months following August 2007, several bank collapses in the United States, Germany and Britain, culminating with the demise of Lehman Brothers in September 2008 shook the financial system to its core. The interconnectivity of the world’s financial system meant that the repercussions would be felt globally, and on a monumental scale. The US Department of the Treasury has estimated that total household wealth would lose some $19.2 trillion following a publicly-funded government bailout program. Over the last decade governments, regulators, banks and their investors have revamped the financial system and its supervision in order to recover the public subsidy and prevent a similar crash from happening again.

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