Know your customers - if they are yours!
In a piece written for this paper about a month ago, I had pointed out that risk profiling (which is now being sought to be made mandatory by the...
Debashis Basu | 27 February 2014
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The mumbo jumbo of risk profiling or risk tolerance is now part of orthodoxy
In late September, The Securities & Exchange Board of India (Sebi) released a concept paper on Regulation of Investment Advisors. There is a lot of...
Debashis Basu | 27 February 2014
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The silence of the boards
Business leaders talk piously about it. Regulators have codified it into a list of dos and don’ts. Various government departments and...
Debashis Basu | 27 February 2014
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Entry loads, exit investors
The Indian stock market today is moribund. The initial public offering (IPO) market is almost dead. In the 12 months ended March 31, 2012, just nine...
Debashis Basu | 27 February 2014
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Financial literacy to cover up for regulatory failure?
The main feature of most financial products is that producers and distributors gain far more than savers and investors. Ironically, the same is true...
Debashis Basu | 27 February 2014
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Doing More Harm: Confused regulation of financial products
A friend of mine used to joke that in the deep south of Bengal, the Sundarbans, there are three brands you would come across: the Communist Party of...
Debashis Basu | 27 February 2014
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Isn’t consumer protection the primary role of regulators’?
According to a media report, the outgoing chairman of the Insurance Regulatory and Development Authority wants Irda to have a new whole-time member...
Debashis Basu | 27 February 2014
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Retail investor participation: 5-point nothing
Though the regulators have not thought of it, consumer financial protection should stand on five pillars: financial education/literacy; competent and...
Debashis Basu | 27 February 2014
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The bad old ways of shortchanging the customers, continue
In many of my articles since late 2011, I have emphasised that consumers of financial services in India usually do not get a fair deal because the...
Debashis Basu | 27 February 2014
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Regulations around savers, please
Life insurance products and mutual funds have overlapping features, since insurance companies mainly want to sell their products as wealth...
Debashis Basu | 27 February 2014
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Investors Protection: Legally dishonest
The government wants to restore investors’ confidence in the stock markets. How can I have confidence when the government breaks the rules to...
R Balakrishnan | 27 February 2014
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Regulation: Not for mutual benefit
The recent moves of the Securities Exchange Board of India (SEBI) have left a sour taste in the mouth of mutual fund distributors and investors....
MAS Team | 25 February 2014
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Financial Services: Signs of premature ageing?
Although elements of growth are in place, the financial services sector is not growing. There are fundamental reasons for this
Debashis Basu | 26 March 2013
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Sebi's poisoned chalice for MFs
Sebi's move will transfer more money into pockets of fund cos from those of investors, with no additional benefit to the latter
Debashis Basu | 26 March 2013
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Behaviourial economics points to a new role for regulators
Financial regulations assume that savers will read the fine print. It is now well-established that savers will act irrationally almost always. So,...
Debashis Basu | 27 February 2013
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