The solutions are therefore to be found in formal (and informal) rules and regulations to control or eliminate perverse incentives in the market place, and in the governance structures of financial corporations.

ECONOMIST: Economic reasoning

This should bring transparency and better risk control in the market but a lot still depend on how the new regulations are adopted.

FORBES: Dodd-Frank Pumps Up CME Group

"To the extent that booms may engender excess leverage in systemically sensitive parts of our financial system, we need to ensure that regulations and institutional structures are designed to enhance market discipline in ways that keep risk-taking under control, " the official said.

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