The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Monday, November 3 1997

Letters to the Editor

Not a fundamental right

The prime minister, IK Gujral was being less than fair to beleaguered tea estate managers in Assam when he assailed the out-going president of Assocham, HL Somany for being too concerned about the impact of militancy on corporate performance. For so many years now, the tea industry in the north eastern state is being held to ransom by militant outfits.

Revisiting ethical values

The most serious dimension of ethics in banking and bank management relates to the growing incidence of frauds during last two decades. Unfortunately, the recent global experience has been that cases relating to insiders' role and participation in the perpretation of frauds are on increase. A deeper analysis reveals that the participation of insiders in such cases normally takes place at two levels; the first one refers at the position of very top management and, sometimes, at the level of the owner of the institution itself.

Balancing risks and returns

Fluctuation of currency affects recoverables from reinsurers. A watchful eye has to maintained on this. Insurers and reinsurers resort to some degree of matching of liability with assets in the same currency. For insurers operating in territories exposed to natural catastrophes, it is vital to maintain an up-to-date record of their net aggregate sum insured exposures in each zone of a single catastrophe. In this area, professional reinsurers provide good help. They themselves need accurate information as a part of their risk management exercise.

Not a fundamental right

Revisiting ethical values

Spare a thought for tribals

Balancing risks and returns

Promoters gain on the loss of shareholders