Five years after the fall of Lehman Brothers, many financial industry analysts are reflecting on the lasting impact of the global financial crisis—and whether a similar situation could arise again in the future.

Treasury & Risk put that question to actuary and financial risk management consultant Max Rudolph. As the founder and principal of Rudolph Financial Consulting, he helps companies analyze how their myriad risks aggregate at the company level and how different risks interact with one another.

He also conducts extensive research on enterprise risk management (ERM) and authors an annual survey of emerging risks for the Society of Actuaries.

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