Uncontrolled Risk: Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down the World Financial System

Why was Lehman ignored when everyone else was bailed out?A risk advisor for top financial institutions and top B-school professor, Mark Williamsexplains how uncontrolled risk toppled a 158-year-old institution, using this story as amicrocosm to illuminate the interconnection of the global financial system, as well asbroader policy implications.This story is told through the eyes of an experienced risk manager and educator in adetailed and engaging way and provides the reader with a complete summary of how asavvy company with sophisticated employees and systems could have gotten it sowrong.

Mark Williamsis a well-recognized risk managementexpert and consultant in thefields of banking and commodities.He has worked as a senior executivefor a number of globalcompanies and as an examiner forthe Federal Reserve. He serves onthe finance and economics facultyat Boston University.