JOHN THAIN on managing risk, CDOs and monolines

Part 1: John Thain, CEO of Merrill Lynch, speaks to US managing editor Chrystia Freeland from his New York offices. Having recently arrived in his position after leaving Goldman Sachs, Mr Thain discusses changes in risk management and incentives he has made since arriving at his new company. Next week: Duncan Niederauer of NYSE Euronext. If you would like to suggest a question for Mr Niederauer, please send it to the address below.