'If it was Lehman Sisters, it would be a different world' – Christine Lagarde

IMF head says the male domination of banking could lead to another financial crisis

Christine Lagarde has said male domination of the banking industry made the collapse of Lehman Brothers more likely, as she urged further reforms to prevent a repeat of the financial crisis triggered by its failure a decade ago.

Writing on the IMF blog ahead of the 10th anniversary of the US investment bank's collapse next week, the head of the International Monetary Fund said significant measures had been taken to fix the financial system, although she warned more work was still required, particularly on gender diversity.