FSLRC on Financial Regulatory Architecture
India’s regulatory architecture has been driven by the creation of product-specific regulators. We have multiple regulators: Reserve Bank of India (RBI) that regulates savings and credit,
FSLRC on Financial Consumer Protection
Keeping in mind the existing state of consumer protection measures in place for India, FSLRC has proposed a consumer protection framework for financial services, with the stated objectives being – to protect and further the interests of consumers of financial products and services; and to promote public awareness in financial matters.
Interview with Justice Srikrishna, Chairman, FSLRC
As part of our blog series on the FSLRC report, we will be conducting a series of interviews with key experts to get their perspective on the report and its implications.
Reforming Government Securities Markets in India – A pre-requisite for developing active derivatives markets on interest rates
Economists have long recognized the special role of Government Debt (and the market where it trades) in the economy of a country.
Recommendations of the Bakshi Committee Report
In July 2012, RBI set up the Expert Committee under the Chairmanship of Dr.Prakash Bakshi, Chairman, NABARD, to examine the Three-Tier Short Term Cooperative Credit Structure (STCCS) in India.
Indian Corporate Debt Markets – Secondary market issues
The absence of secondary markets for corporate bonds in India is arguably the single most important reason for this market not seeing the kind of growth one would expect.
A summary of NBFC-MFI Directions – August 2012
On August 03, 2012, RBI came out with its ‘Non Banking Financial Company-Micro Finance Institutions’ (NBFC-MFIs) – Directions – Modifications’1 via which RBI has made changes to Directions issued on December 02, 2011 in light of representations received by it from NBFCs functioning in the microfinance sector.
Perspective on IRDA’s proposed ‘everything product’
The Micro-insurance sector has been often in the news in the recent times. This is primarily because of IRDA’s recent recommendation towards an “everything product” approach for which the Life Insurance Council has been asked to prepare a blue-print.
Australia’s Regulatory Principles and the Licensing of providers
Continuing on our series on ‘Consumer Protection’, we will take a look at how consumer protection has found its place within the regulatory architecture of select countries, namely Australia and South Africa.
Response to the Report of the Working Group on the Issues and Concerns in the NBFC Sector
NBFCs play a critical role in furthering the goal of financial inclusion. It is our view that in order to make access to financial services universal, while ensuring systemic stability, we need to build on the separate natural strengths of banks and NBFCs.
