Regulators in the U.S. and Britain are still learning lessons from last year's collapse of Lehman Brothers. It appears as if U.K. authorities and claimants on the Lehman Brothers International (Europe) unit "drew the short straw," according to an analysis by The Economist. "Clearing this up will take years. It may seem merely technical, but the mess says much about the problems of being a global financial center, where foreign teams come to play and the home referee deals with the damage," according to the analysis.

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