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...
Off The Shelf
The tone of the political debate on the Indo-US nuclear deal has been bewildering. What is worrying, as illustrated by this exchange, is that political parties are undermining the culture of dialogue...
Securitisation of loans has emerged as the driving force in financial markets, transforming radically the way assets in different sectors of the economy are being created and marketed, but this...
The story of the Medici Bank of 14th and 15th century Florence is the story of how one family used finance to control a government. In the priority that the Medicis gave to financial deals can be...
Our political establishment is taking grave risks in allowing unrestricted FII inflows without appropriate disclosure and scrutiny. We cannot afford the luxury of waiting indefinitely till good sense...
China National Offshore Corporation?s bid for the US multinational oil company Unocal has resulted in a drama of realpolitik in economic globalism. What is, however, of interest is that China has...
It is unrealistic to think that the public sector banks can revitalise agricultural credit delivery without a completely revamped extension services system. It is also time to consider supporting...
In the current supervisory regime of banking regulation, governance concerns take a lower priority than asset-liability and capital-adequacy issues. The RBI's proposed stipulations on ownership...
For the few large companies that dominate this sector, the seal of regulatory approval by RBI is their most invaluable asset generating trust among their prospective depositor, mostly in rural and...
With the laudable objective of disciplining market participants, the Securities and Exchange Board of India (SEBI) has embarked on a massive operation of building up a comprehensive unique...
Behind the Celebrity Mask The Parmalat affair has thrown up the need to change the existing market intelligence system. Not only has it to be extensive, more importantly, it has to be unorthodox,...
For years political parties have failed to take note of the growing intensity of feeling against disruption of civic life. Often the disruptions are massive and the agencies of governance choose to...
What has happened in Wall Street over the past 18 months raises several issues of regulatory governance which are immensely relevant for countries such as India that have embarked on reform of their...
Joseph Stiglitz's new book breathes moral outrage against the IMF. But any reform measures confined to the Bretton Woods institutions would not be an adequate response to the challenges of global...
Ten commandments - nothing in common with the authorised corporate governance code, of course - for a passage to the Fortune 500, distilled from the experience of Enron.
