The phrase “Lehman fallout” has become almost white noise in the financial world.  Everything and anything has been attributed to the demise of the onetime banking giant.  At the risk of sounding cliché, everything has indeed changed because of the collapse of Lehman.  Apart from the obvious, the failure of Lehman has opened the floodgates to all kinds of scrutiny and the banks have quite understandably reacted to this new regime of regulation and compliance.
Continue Reading Wherefore art thou, LIBOR?