Oanda

Will We Soon See a More Sustainable Financial System?

6 years ago - It's now nearly 10 years since news broke of the Lehman Brothers collapse, which served as a precursor for this century's biggest-ever financial crisis. Underpinned by reckless borrowing and the untold dangers of the sub-prime mortgage sector, the Great Recession brought the world to its knees and altered the global economic landscape forever. While the global economy has largely enjoyed sustained (if slightly sluggish) growth since this time, the goal of creating a truly transparent financial market has yet to be fully realised. We've seen some progress in this respect, of course, but there is still much work to be done if we're to ensure that we fully heed the lessons of the Great Recession.