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 the industry, a look at othe

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