By Joseph Neu
For some markets, the situation a year after the collapse of Lehman Brothers is roughly the same as it was prior to it. A week before the collapse, for example USD/EUR was 1.427 and 12 months later it was around 1.429. The financial press, similarly, is talking up the return of business as usual in financial markets. However, this does not mean the one-year anniversary of an event that ushered in the worst of the financial crisis has not had an impact—far from it.