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Exactly two years after the collapse of Lehman Brothers, have banks successfully lobbied against tough and effective regulation? Agreement has been reached on new rules which will make banks keep a larger cushion of capital to absorb losses. But critics say the new requirements are still too weak to prevent another banking crisis. Lesley Curwen spoke to Stephen Cecchetti, Economic Adviser and the Head of the Monetary and Economic Department at the Bank for International Settlements, and asked him whether the banks had got off scot free. Plus, the Â鶹Éç's Business Editor Robert Peston assesses how much difference the new rules will make. And as Europe introduces draft rules on derivatives, economist Hernando de Soto argues that all derivatives should be traded as openly as shares.