To tap this vast potential, the industry will have to embrace foreign expertise and commercial principles, even if it remains in public ownership.

ECONOMIST: How to get ahead in Bremer's Iraq

The figures are a set of financial records for the entire UK public sector, from 1 April 2009 to 31 March 2010 - under the previous Labour government - based on commercial accounting principles.

BBC: Government accounts show 'gobsmacking' costs

Prohibition Against Guarantees and Sharing in Accounts and 2010: Standards of Commercial Honor and Principles of Trade.

FORBES: FINRA Punishes Customer Loss Reimbursement By Stockbroker

By allegedly placing customer funds in his personal business account, Hastings failed to observe high standards of commercial honor and just and equitable principles of trade and thereby violated FINRA Rule 2010.

FORBES: Customer Paid Interest From Nonexistent IRA

In conducting its business in this manner, the firm failed to observe the high standards of commercial honor and just and equitable principles of trade required by NASD Conduct Rule 2110 and FINRA Rule 2010.

FORBES: Broker Dealer President And Chief Compliance Officer Sued By Firm