........ The first panel of speakers including Sir Thomas Harris, Special Advisor, Standard Chartered Bank; Usha Thorat, Director of the Centre for Advanced Financial Research and Learning (CAFRAL), Reserve Bank of India; Ms Chitra Ramkrishna, Joint Managing Director, National Stock Exchange, will discuss on regulatory systems around the world which have failed to detect the underlying trends leading to the current economic crisis. The panelists will explore the appropriateness of this characterization of regulatory bodies, as well as reflect on the lessons learned about the appropriate size, compensation, and composition of regulatory bodies in relation to the financial sector. The speakers will also draw the outlines of what proactive, technologically sophisticated regulation should look like in the future.........
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