Regulators should be accountable for delay/laxity in indicting wrongdoers

The scandal at the very top of the National Stock Exchange shows it's a systemic failure which must be rectified quickly

The scandal at the very top of the National Stock Exchange (NSE) has left everyone dumbfounded. The sheer cheek of it is mind blowing.

After such things happen, two questions are often asked of the authorities: did you know what was going on and when you did come, what did you do about it?

Global experience of scandals — whether it is in sports or in the financial markets or in the product markets or anywhere else — shows a common tendency amongst those in charge, namely, to deal with the problem quietly lest the ‘natives get restive’. Pussyfooting is the norm.

This