Risk India conference 2009

India's banking sector has weathered the global financial crisis relatively well, although there are signs of stress in the export and property sectors. The country's structured products business also remains intact despite problems with a range of currency derivatives products

The Indian authorities have received significant criticism in the past for their seemingly ponderous approach when it comes to developing the country's financial markets. But failure to help create a long-dated swaps curve or build a market to enable banks to shed unwanted credit risks appeared a distant memory at Asia Risk's inaugural Risk India conference held in Mumbai on March 3. Instead, speakers and delegates lavished praise on the country's supervisors for their conservatism.

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