Tough regulation seen as key to India’s success

Protectionism pays

rabi mishra financial stability unit reserve bank of india
Rabi Mishra, of the Reserve Bank of India, gives his opening address at Risk India 2011

The risk management, derivatives and regulation fraternity gathered for Risk India 2011 in Mumbai on June 20 to debate topics ranging from the regulatory landscape in India; qualitative versus qualitative approaches to managing risk; and new market developments, such as the emergence of exchange-traded funds (ETFs) and credit derivatives in the country.

Rabi Mishra, chief general manager of the financial stability unit at the Reserve Bank of India, used his opening address to warn that taking on

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