ROBERT DUBIL is a former Director of Risk Analytics in the Corporate Risk Management Group at Merrill Lynch (1999-2001), head of Exotic Fixed Income Derivatives Trading at UBS (1996-99) and Chase Manhattan (1994-95), an equity and debt derivatives trader at Merrill Lynch (1992-94), and a quantitative researcher at Nomura (1990-92) and JP Morgan (1989-90). He worked in New York, London, Tokyo, Hong Kong and Sydney. He holds a PhD and MBA from University of Connecticut, and an MA from Wharton. His recent articles covering liquidity risks and banking regulation can be found in the "Journal of App...