Though the global financial system has witnessed crises, one after the other in quick succession, our learnings from each crisis have been short-lived. The imperative need for customer centricity and adherence to standards has often been recognized, but has been lost in the rush for short term business gains. Let me give some common examples of unfair treatment to customers: 11.
-7The Role of Committees in Policy Formation Monetary policy decisions in the United States and elsewhere typically arise from a discussion and vote of a committee. 16 In principle, a monetary policy committee could decide to follow a rule. But a decision of this kind is unlikely to occur in practice. Committee discussions bring into policymaking features that a rule lacks.