V Leeladhar: Contemporary international and domestic banking developments and the emerging challenges Speech by Mr V Leeladhar, Deputy Governor of the Reserve Bank of India, at the Bankers’ Club, Kolkata, 24 November 2008.
Against this background, I will discuss the outlook for the Philippine economy as well as financial market concerns and the BSP’s approach to safeguard against financial instability. This new wave of market volatilities Let me begin by considering what I see are the principal sources of the impulses for this “new wave” of market volatilities. First, the series of Fed announcements and actions.