# In an op-ed, Prof. Roy Smith outlines why regulators should try to anticipate financial trouble

1 Faculty News February 11, 2013 ![Financial News logo ](/sites/default/files/styles/246w/public/assets/images/con_030513.jpg?itok=TpE2KEls)>

Excerpt from [Financial News](http://www.efinancialnews.com/story/2013-02-11/prosecutors-need-lessons-in-spotting-a-financial-avalanche?uniquekey=511933f8c17e5-113335) -- "A more informed solution to avoiding avalanches would be to learn what Samuelson never did – how to identify where the next one might occur, (currently in the high-yield debt market) – and what to do to minimise widespread fallout. But this is not something former prosecutors, newly appointed as financial regulators, will find easy to do."

[Read more](http://www.efinancialnews.com/story/2013-02-11/prosecutors-need-lessons-in-spotting-a-financial-avalanche?uniquekey=511933f8c17e5-113335)