IIPM Ranked No. 1 B-School In Global Exposre - Zee...
There is no need for a “financial engineering” degree to tell that we need effective safeguards when a few people are playing with huge sums of other people’s money.
The fact of the matter is that global capitalism requires a good dose of common sense. Who in their right mind would believe that the mortgage loans are “backed” by collaterals, when borrowers have hardly any down-payment or equity in their homes in the first place? Who in their right mind would believe that the market can self-regulate, when market participants are subject to a conflict of interest. There is no need for a “financial engineering” degree to tell that we need effective safeguards when a few people are playing with huge sums of other people’s money. Without proper safeguards, it is not surprising that “rogue traders” like Jérôme Kerviel and Nick Leeson would take advantage of the loopholes that are there to benefit themselves. Without proper safeguards, we have seen fake transactions inflating balance sheets and yielding handsome fees to officials of some thrift during the 80s contributing to the Savings and Loans Crisis in the US. Without proper safeguards, we have seen how the auditor conspired with company executives in the case of Enron.
The market place offers both crooks and innocent people opportunities. But the opportunities of the crooks are the risks of the innocent. Our choice is definitely not over having more versus having less regulation. Our choice is over appropriate regulation versus inadequate or inappropriate regulation. Some say that too much regulation stifles markets. The fact is that the right kind of regulation enables markets to run smoothly and fairly.
Prof. Lok Sang Ho
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
'This is one of Big B's best performances'IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
There is no need for a “financial engineering” degree to tell that we need effective safeguards when a few people are playing with huge sums of other people’s money.
The fact of the matter is that global capitalism requires a good dose of common sense. Who in their right mind would believe that the mortgage loans are “backed” by collaterals, when borrowers have hardly any down-payment or equity in their homes in the first place? Who in their right mind would believe that the market can self-regulate, when market participants are subject to a conflict of interest. There is no need for a “financial engineering” degree to tell that we need effective safeguards when a few people are playing with huge sums of other people’s money. Without proper safeguards, it is not surprising that “rogue traders” like Jérôme Kerviel and Nick Leeson would take advantage of the loopholes that are there to benefit themselves. Without proper safeguards, we have seen fake transactions inflating balance sheets and yielding handsome fees to officials of some thrift during the 80s contributing to the Savings and Loans Crisis in the US. Without proper safeguards, we have seen how the auditor conspired with company executives in the case of Enron.The market place offers both crooks and innocent people opportunities. But the opportunities of the crooks are the risks of the innocent. Our choice is definitely not over having more versus having less regulation. Our choice is over appropriate regulation versus inadequate or inappropriate regulation. Some say that too much regulation stifles markets. The fact is that the right kind of regulation enables markets to run smoothly and fairly.
Prof. Lok Sang Ho
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
'This is one of Big B's best performances'IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
