The share of Leasing and Finance Companies (LFC) has started showing markedly increasing trend from only 13 per cent in 2000-01 to as much as 38 percent during 2003-04.
You will notice this mix of accounting, auditing, regulation and supervision in my address. Enron has seriously shaken our confidence. This is a grave matter, because it means confidence has weakened in rules and regulations, in supervisory authorities and in the functioning of the financial system in general. Therefore, I will first discuss key issues regarding Enron.