In the wake of Asia's economic crisis, Comptroller of the Currency Eugene A. Ludwig on Monday criticized the weak standards of many foreign regulators.

To protect the international financial system, he called for international agreements that would set global accounting standards, toughen supervision of foreign banks, and reduce the power of politicians to influence credit decisions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.