It was a big learning experience for IIFT students who gathered in large numbers to hear from speakers who know the global banking and finance system inside out.
Dr Gokarn said the financial crisis of 2008 caused re-examination of regulation principles in a paradigm shift from thinking to action. He explained the lessons learnt from past experiences in monetary policy, financial regulations and globalisation. There is a need to adopt some balancing acts to achieve better financial regulations, he said.
Mr Bohra said big banks and financial institutions are essential as a powerful engine to boost the economy, although better control is required to manage these institutions.
Avinder Bindra, former chairman of Asian Loans Market Association, spoke about creating an efficient credit market in emerging economies.
Three panel discussions on global and domestic financial systems and banking regulations were organised as part of the symposium where experts from SMC Global, ICICI Prudential, Future Capital Holding, and MCX Stock Exchange, among others, shared and exchanged their thoughts and opinions.
International trade conclave 2012
IIFT and Singapore Management University (SMU) on September 7 jointly organized an international trade conference on “Resource scarcities in a rapidly changing world”. The event took place at SMU administration building, Singapore.
Sunny Verghese, Group MD, Olam International, delivered the keynote address on the topic, food price inflation: cyclical or structural. He discussed increasing population and the need to meet the increasing demand by managing efficient supply and reducing wastage. Mr Verghese also spoke on the effect of meat consumption on grains by multiplier effect and its subsequent effects on water consumption. He talked about decreasing water levels globally and its impact on grain and meat production. As a solution, he suggested drip irrigation – every drop for every crop -- and reducing post-harvest losses.
The keynote address was followed by two panel discussions where experts from McKinsey & Co, Noble Group, Tata Group, Platts, Standard Chartered Bank, Institute of Water Policy and Singapore Management University participated.
The first panel discussed the need to ensure food and water security, while energy and natural resources supply was the topic of discussion for the second panel.
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