RBI deputy highlights key issues from the crunch

Shyamala Gopinath, a deputy governor at the Reserve Bank of India, has highlighted seven topical issues from the current crisis.

The seven are:

· issues surrounding the global regulatory framework, with questions being asked and answers being sought to some of the key issues regarding leverage, transparency, and liquidity underlying at the heart of the crisis;

· the role of the financial system in an economy vis-a-vis the real sector;

· the importance of containing systemic leverage;

· the

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