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from THE JAKARTA POST -- WEDNESDAY, MARCH 24, 2010 A year on from the collapse of Lehman Brothers and the violent financial storm that ensued, we appear to be in calmer waters. Some people are even daring to mention the green shoots of recovery.
These might turn out to be fragile and it would be dangerous to assume that there are no further crises to come. But we do have a valuable breathing space in which to review the story so far.
It's no surprise that the policy debate is moving into full swing and various new ideas are being suggested, for example, introducing separate risk committees for banking institutions.
In one sense, we have returned to a situation like the one we found ourselves in after the collapses of Enron and WorldCom, which saw the introduction of the Sarbanes-Oxley Act 2002 (Sox) in the US and a host of new corporate governance codes …