{"id":30890,"date":"2018-10-27T11:20:39","date_gmt":"2018-10-27T05:50:39","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30890"},"modified":"2018-10-27T11:20:39","modified_gmt":"2018-10-27T05:50:39","slug":"effective-regulation-need-of-the-hour-in-banking-sector","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/effective-regulation-need-of-the-hour-in-banking-sector\/","title":{"rendered":"\u2018Effective regulation need of the hour in banking sector\u2019"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/effective-regulation-need-of-the-hour-in-banking-sector\/article22913992.ece\"><b>\u2018Effective regulation need of the hour in banking sector\u2019<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Today, the banking sector needs effective regulation and supervision and not increased privatisation, as per the \u00a0group of prominent economists<\/span><\/li>\n<\/ul>\n<p><b>Bank scams:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Punjab National Bank scam involved the second largest public sector bank.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The reason was inadequate and faulty regulation and monitoring of the banking sector.<\/span><\/li>\n<\/ul>\n<p><b>\u2018Curious turn\u2019<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u201cThis affects all banks, regardless of ownership. But in a curious turn, fraud that was led by and benefited private players pursuing super-profits at any cost is being made the reason for handing control of the nation\u2019s savings to the private sector,\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The poorly regulated private banks were even more prone to scams and failure, and that private profit orientation generated incentives for managements to exploit loopholes in rules and engage in risky behaviour, as shown by the U.S. and European bank behaviour leading up to the financial crisis of 2008-09.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Effective regulation need of the hour in banking sector\u2019 Context: Today, the banking sector needs effective regulation and supervision and not increased privatisation, as per the \u00a0group of prominent economists Bank scams: The Punjab National Bank scam involved the second largest public sector bank. The reason was inadequate and faulty regulation and monitoring of the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/effective-regulation-need-of-the-hour-in-banking-sector\/\">Continue reading <span class=\"screen-reader-text\">\u2018Effective regulation need of the hour in banking sector\u2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30890","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30890"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30890\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}