The investigations into the globally referenced benchmarks such as LIBOR, FX and Brent have raised questions about the integrity of the assessment process and the institutions that govern them. The news came as a shock for countries such as India that depend on these benchmarks for financial planning and business operations. Both developed and developing countries took collective steps to address this issue under the mandate of the G20.
Jane Diplock, Sunil Jagtiani and Gateway House’s Manjeet Kripalani took part in a roundtable discussion to analyse the weaknesses in the financial architecture, the geopolitical developments that influence reforms, and the regulatory measures required to restore credibility of the institutions involved.
This meeting was the 2nd in Gateway House’s Economic & Business Series.
Jane Diplock is a professional international company director. She currently holds non executive directorship positions on the International Integrated Reporting Council Board, SGX Limited and Australian Financial Services Group Pty Limited. She is a member on a number of other Boards and Committees internationally. She has previously been Chairman of IOSCO, International Organisation of Securities Commissions for 7 years and Chairman of New Zealand Securities Commission for 9 years.
Sunil Jagtiani is New Delhi Bureau Chief at Bloomberg News. Previously, he worked as the Economics Editor for South Asia and South East Asia at Bloomberg. Sunil has more than 14 years of experience working in the field of journalism, as a reporter, editor and correspondent, with organizations such as Agence France-Presse in Hong Kong. He has a Master’s and a Bachelor’s degree from the University of Cambridge.
Manjeet Kripalani, Co-founder and executive director Gateway House, is the former India Bureau chief of Businessweek magazine. During her extensive career in journalism (BusinessWeek, Worth and Forbes magazines), she has won several awards, including the Gerald Loeb Award, the George Polk Award, Overseas Press Club and Daniel Pearl Awards. Kripalani was the 2006-07 Edward R. Murrow Press Fellow at the Council on Foreign Relations, New York, which inspired her to found Gateway House. Her political career spans being the deputy press secretary to Steve Forbes during his first run in 1995-96 as Republican candidate for U.S. President, to being press secretary for the Lok Sabha campaign for independent candidate Meera Sanyal in 2008. She holds two bachelor’s degrees from Bombay University and a master’s degree in international affairs from Columbia University. She sits on the board of the International Centre for Journalists, the Overseas Press Club, and the Indian Liberal Group, which are all non-profit organizations.
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