Fourth, one may expect to see governance rating of institutions along the lines of credit rating. Some issues relating to cooperative banks, especially urban cooperative banks have been discussed, particularly on regulatory matters relating to access to capital funds from the capital market, lending rate stipulations, evolution of a credit rating system, giving a level-playing field with commercial banks, etc.
Many people feel that not all countries are abiding by the same rules and standards, and that the open market has weakened our democratic control. These concerns are real and need to be taken seriously. [5] But too often the solutions offered to today’s global challenges are simplistic and short-sighted.