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BGR Takeaways For Session 3
BGR Takeaways For Session 3
BGR - Session 3
Reading:Speech at the Toronto Centre on July 14, 2004
(How a major program of capital market reform - that received global recognition - was achieved in Pakistan)
1) Why is economic regulation needed?
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retain purity of formulation and execution, and not be tainted by any political agenda; and
not be captive to, or serving the interests of, any particular interest group.
5) The regulator is at once:
in the short run, there are always vested interests against regulation because of their
dominant position or some other way in which they can over-ride the market/exploit other
participants; and
in the long run, duly enforced sound regulation is in the best interests of all participants.
BGR MBA Class of 2015 (Semester IIIB Nov 5 Dec 27, 2014)