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Complex and opaque organisational Structures take advantage of regulatory arbitrage and also of gaps in regulations. Regulators found it difficult to look through the structures and enforce regulation Inadequate Oversight by Board: Incomplete risk information due to gaps in MIS coupled with inadequate understanding of risk due to the lack of expertise among the directors, hampered effective and timely decision making. Flawed remuneration policies: Compensation structures which focussed excessively on short term performance incentivised managers to take excessive risks in order to meet the short term objectives at the expense of long term sustainability of the firm. Weak risk management systems and internal controls: With significant developments in technology, risk management in the run up to the crisis became highly quantitative on the lines of an exact science.
Who became the world's first female amputee to summit Mount Vinson, the highest peak of Antarctica?
Where was the Banded Royal butterfly discovered for the first time in India?
How many throttle-able engines does the lander Vikram have for Chandrayaan-3?
What unique facility was launched by Uber in Dal Lake, Kashmir?
Where will the national memorial to Queen Elizabeth II be located?
MobiKwik’s new fixed deposit (FD) product offers users a maximum annual return of:
Who wrote 'A Dismantled State', a book that explores the untold story of Kashmir after the abrogation of Article 370?
India has joined the steering committee of which global network, coordinated by which Union Ministry?
NLC India Limited has recently won a 810 MW Solar PV project capacity from which state's power utility?
“State of the Economy” report was released by which regulatory body in India?