Opinions divided on anniversary of Lehman fall

The regulatory overhaul of global financial markets that followed the collapse of US investment bank Lehman Brothers five years ago this weekend stirs mixed emotions among Asian asset managers. While many welcome the steps taken by regulators to protect consumers and enhance investor confidence, there is underlying resentment that the industry became unfairly tarnished due to the mis-selling of products structured by investment banks. And while some believe that structural weakn…