ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Regulators: Captivated by the Market

The present global credit crisis has again shown that the supervisory and regulatory structure is out of alignment with the dynamics of the global financial market. When risks are being distributed among different financial institutions, can we live with split regulation? Will regulators continue to have no say in the regulation of rating agencies? It is time that central bankers devise a regulatory structure appropriate for the changed context; one that does not shy away from interventionist regulation.

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