A recipe for success

A recipe for success

Alexander Campbell

As heads roll at UBS over the $2.3 billion rogue-trading losses the Swiss bank suffered in September, it’s reassuring to think that accountability is not yet a forgotten concept in finance. But if accountability is limited to firing people after a disaster, it’s really only achieving a fraction of what it could. While regulators such as the UK Financial Services Authority enforce ‘fit and proper person’ tests and have the legal power to bar delinquent executives from t