Talent-spotting has traditionally been left to a middle-management layer of audit supervisors until people get closer to being a partner (partly because employees tend to be invisible to many of their superiors, working as they do in small teams at the offices of the client).

ECONOMIST: Talent management

Some bankers worry, too, that subsidiary units may be nudged by supervisors into running separate IT and management systems in order to demonstrate that they can keep operating without the support of a parent, making them yet more inefficient.

ECONOMIST: Reshaping banking

But there is no doubt that the summit's action plan includes a long list of financial sector dimensions to be addressed, including: accounting standards, hedge funds, risk disclosures, financial sector assessments, credit rating agencies, risk-management and stress-testing models, international standard setters, sanctions for misconduct, reporting to supervisors in different countries, and more.

FORBES: Magazine Article

The new operational-risk element, for instance, will hit banks specialising in areas such as custody or asset management that involve little lending and therefore in the past have needed little capital to keep supervisors sweet.

ECONOMIST: Bothersome Basel