Letters to the Editor - Moneylife

Letters to the Editor - Moneylife



GO SLOW ON VIOLATIONS?

This is with regard to “Regulators should intervene only in case of
grave violation says Chidambaram.” The position taken by the finance
minister in his observation: "I reiterate, we must bring
self-regulation, we must enforce compliance, need to heed to board of
directors and shareholders and only in exceptional cases should (the)
regulator intervene to punish gross grave cases of proven criminality,"
is quite intriguing. This amounts to asking regulators to 'go slow' or
ignore violations. As I said in my earlier comment, self-regulation is
conspicuous by its absence in India.

MG Warrier

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