Best-laid plans
Financial regulation around the world looks set for the biggest overhaul in recent history. But those implementing change face a number of obstacles, some of which might prove insurmountable. Duncan Wood looks at the challenges ahead and speculates on the likelihood of success
New regulatory architecture is emerging from the wreckage of the crisis, but it remains to be seen whether an impregnable fortress will be built - or just a castle in the air. It is not going to be easy to implement the architects' vision.
The details of the plan are still sketchy, but the outline is clear: new bodies on both sides of the Atlantic will be charged with anticipating systemic problems, informed by ambitious new databases. Beneath them: in Europe, the three existing sector
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