... the creation of a global framework and infrastructure for mitigating risk Tham Ming Soong, the chief risk officer of UOB Bank in Singapore, gives an on-the-ground view of instilling risk management... regulator s participation in management matters down to attendance at and surveillance of board meetings, appears to be part of a greater need in China for an orderly business environment in the... Cost of Crisis at 7.1 Trillion, The Telegraph, August 8, 2009, http://www.telegraph.co.uk/finance/ newsbysector/banksandfinance/5995810/IMF-puts-total-cost -of- crisis -at7 .1-trillion.html Mervyn King,