RBI’s Khan on curbing irresponsible behaviour in financial markets

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Harun Khan, a deputy governor at the Reserve Bank of India, on February 6 said the unethical behaviour of financial professionals that contributed to the financial crisis has strengthened the case for increased education about social costs of crises.

At the Interdisciplinary Seminar on Psychonomics in Mumbai, India, Khan said greed and fear played a big role in the way markets behaved during the recent global financial crisis, which caused severe damage to many economies around the globe. He sai