In the context of recent global events, the above guidelines will go a long way in laying the foundation of a healthy structured credit market. In respect of distressed assets, the legal framework was provided by the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002", more commonly called SARFAESI Act.
And, to sum it all up, what are the lessons from this “revolution” for monetary policy? For answers to these weighty questions, who better to turn to than Professor Joseph Stiglitz. 22. Ladies and gentlemen, please join me in welcoming Professor Joseph Stiglitz to deliver the C.D.