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Ten years after the financial crisis, banking industry is in a better place 

Gordon Brown greets President Barack Obama at the G20 summit in 2009 in London

The collapse of Lehman Brothers in September 2008 was a seismic event, not just for the banking industry but economically and politically. It crystallised, graphically, one of the most dramatic financial crises in modern times. Within nine months of the crisis I was at the heart of Number 10 seeing at first hand the internationally coordinated efforts to limit the damage of the global financial crisis. These efforts came together first at the G20 summit meeting in London, skilfully chaired by Gordon Brown, and then at the G20 in Pittsburgh in September 2009.

Many of the reforms agreed at Pittsburgh have underpinned and driven much-needed reform of the banking industry over the subsequent 10 years….

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