History is liberally dotted with crises caused by liberalising finance without improving supervision.

ECONOMIST: Killing Glass-Steagall

The effort put into reforming finance, company accounting and banking supervision in developing countries is essential.

ECONOMIST: Judgment day

Since GE owns two Utah finance companies, it is now overseen by the Office of Thrift Supervision, the agency in charge of AIG and one not known for its stringent examinations.

FORBES: Companies, People, Ideas

Meantime, European Union finance ministers are meeting in Luxembourg Tuesday to work on a plan for EU bank supervision.

FORBES: P.M. Kitco Metals Roundup: Gold Ends Weaker on More Profit Taking, Solid Gains in U.S. Dollar Index

This week the Financial Supervision Agency took over the job of supervising the country's banks from the Finance Ministry's banking bureau.

ECONOMIST: Will Tokyo finally clean house?