Stick him on his own development branch, and only bring his stuff into the trunk when you know it's thoroughly tested. This might be a place where a distributed source control management tool like GIT or Mercurial would excel. Although with the increased branching/merging support in SVN, you might not have too much trouble managing it.
EDIT
This is only if you can't get rid of him or get him to change his ways. If you simply can't get this behaviour to stop (by changing or firing), then the best you can do is buffer the rest of the team from the bad effects of his coding.
