I would argue that responsible reporting in the current world where “Sentiment” is key in driving financial markets is imperative to national economic development as well as to the stability of financial markets. This is a key component of the financial markets competitiveness and attractiveness not only to the foreign players but also to the domestic investors.
The Global meltdown in financial markets has reminded us all of the importance of financial and business journalism. Arising out of these a number of profound questions as to the quality of that form of reporting have come up. The most common question that has been posed is – Did the financial reporters fail to put the financial system under proper scrutiny?