An amazing speech by RBI DG Anand Sinha. Pity it got lost in all the brouhaha over Gov Subbarao’s speech where he said pretty much similar things.
Sinha covers a lot of ground on how risk was mismanaged prior to the crisis and what is being done now (with some humor). He points to how India managed the risk profile of banks and alsdothe impact of new BIS proposals on Indian banking system.
It has a nice reference list as well..
