That said, if you look at these reports as a group, they are a disappointing response to a major regulatory failure. They’re too timid. They give too little attention to several key vulnerabilities revealed in the crisis. They rely too heavily on self-regulation by the financial services industry, and they lean too much on principles and not enough on specific benchmarks or rules. Since it takes a proposal to beat a proposal, let me offer my own top ten list. For time reasons, I’ll only be able to describe the first few in some detail
