Saïd Business School hosted the sixth Oxford India Business Forum in Mumbai on 19th March 2012, bringing together a distinguished panel of Indian and international specialists from the public, private, media and academic sectors.
In a stimulating and interactive discussion the panel pondered tough questions surrounding financial regulation and governance in India, set to the backdrop of the continued global financial crisis and an increasingly inter-connected world.
Professor Tim Jenkinson chaired the first session, examining the ‘tsunami’ of financial regulation sweeping the West and its potential impact on Indian banks. The panel explored the relative merits of the Indian financial system and efforts to improve investor confidence. The discussion then turned to financial inclusion and the role that innovation plays, particularly in terms of technology, in helping to stimulate economic activity for SMEs and disenfranchised communities across India.
The session on governance was chaired by Professor Tarun Ramadorai. It proved to be a lively debate about levels of corruption, with ‘greed’ emerging as an emotive theme. Panellists stressed the importance of addressing the corporate and political mindset, developing a more relevant skill-set for the modern world and building bridges between the various segments of society. It was agreed that evidence based research plays a key role in the effort to create lasting change.
In his closing remarks, Dean Peter Tufano underlined Oxford’s commitment to thinking about the challenges in India. He also thanked Tata Consultancy Services for their loyal support of Saïd Business School and the Business Forum since its inception.
Download a summary of the panel discussion on financial regulation >
Download a summary of the panel discussion on governance >
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