He has said he does not want to step down until he has taken measures to prevent similar financial scandals from occurring in the future.

He argued that these reforms would prevent similar scandals from occurring in the future.

The New York State comptroller proposed that big investors should work together to try to prevent corporate scandals.

He also said that the ministry would strengthen its inspection and supervisory systems for overseas branches of Japanese banks to prevent other scandals.

This regulatory approach, he noted, has failed to prevent several financial scandals in Ireland.

It is beyond dishonest to pretend that rules can be written to prevent future financial scandals; it is fraudulent.

But it made no mention of an independent monitor with subpoena powers that the commission said was necessary to prevent future scandals.

The report by an independent commission said Catholic officials failed to tackle the widespread abuse "to prevent scandals".

You have our support, Commissioner, when it comes to improving our provisions and regulations further to enable us to better prevent such scandals in future.

Legislation passed last year, intended to prevent other scandals, also imposes new duties on auditors.