The author's view is absolutely correct.Take the case of US sub primecrisis.All the collateral documents were rated by bigger firms and what is the consequence the economy now in turmoil.so WE NEED NOT BOTHER ABOUT SUCH AN INTELLECTAUL SURVEY REPORT.OUR INDIAN FINANCIAL REGULATORY AND RISK MANAGEMENT SYSTEM IS FAR FAR BETTER THAN WESTERN SYSTEM.ONE DAY THE WORLD WILL REALISE THIS. U.V.RAVIKUMAR, CHARTERED ACCOUNTANT COIMBATORE
