'A period of difficulty and danger'
|Post-Lehman, the push for global financial protections stalls|
(From The Washington Post) Five years after the collapse of Lehman Brothers, a global push to tighten financial regulation around the world has slowed in the face of a tepid recovery and a tough industry lobbying effort.
Important progress has been made. Banks in the United States and Europe have socked away capital to guard against a fresh economic downturn, and evolving rules may force them to split off some of their riskier operations.
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