SINGAPORE (Sept 4): This year marks the 10th anniversary of the Global Financial Crisis or Lehman Crisis that sent shock waves through the global financial system.

On Sept 2008, financial services firm Lehman Brothers filed for bankruptcy which eventually prompted massive capital-raising exercises to keep a number of key financial institutions afloat.

After relentless efforts to supply liquidity, the US’s quantitative easing (QE) finally came to an end in Sept 2017. However, the removal of QE and the normalisation of US interest rate policy resulted in US-dollar strength. It also induced stress in some corners of financial markets, particularly in the Emerging Markets (EM) of Argentina and Turkey.

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