Ten commandments for supervising mega-firms

If supervisors are to contain the risks posed by global financial conglomerates,urgent changes are needed. George J. Vojta, former vice-chairman of BankersTrust, proposes ten principles for supervising systemically important financialinstitutions.

There can be no doubt that thedramatic changes in the financialservices industry witnessed in recentyears will continue into the foreseeablefuture. Developments in the marketplaceare challenging regulators, straining theirresources, and introducing

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