Stress Testing Methodology – Brief Comparison Across Regulators
The below table summarises, along some key dimensions, the stress testing methodologies adopted by the central banks in India, US, UK and EU to assess the stability of their banking system.
Insights from the “Digital Payments Roundtable” hosted by the Future of Finance Initiative
In April, the Future of Finance Initiative (FFI) hosted a series of closed door workshops with a small set of digital financial service providers focusing on payments, credit and investments.
Natural Catastrophe Insurance – In Conversation with Mr. Ulrich Hess
In the below video we share a brief conversation with Mr. Ulrich Hess, GIZ.
Developing the Natural Catastrophe Risk Insurance Market for Low-Income Households in India
Natural disasters leave behind them a tale of death and destruction that affects the economy on the whole and severely impacts communities, especially low-income households, which bear its brunt.
Comments dated 14 April 2017 on the draft circular on “Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India” (Draft Circular) released by the Reserve Bank of India (RBI)
The Future of Finance Initiative (FFI) is housed within the IFMR Finance Foundation (IFF) and aims to promote policy and regulatory strategies that protect individuals accessing finance given the sweeping changes that are reshaping retail financial services in India. Our vision is for every individual to have universal access to suitable financial services using a range of channels that enable them to transact securely and confidently.
Comments on the RBI Draft Master Directions on Issuance and Operation of Prepaid Payment Instruments in India
The Reserve Bank of India (RBI) released the Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India (Draft Circular) on 20 March 2017.
A Brief Comparison of Ombudsmen Frameworks – Part 2
Following our initial post on a brief comparison of grievance redressal mechanisms existing in India for financial services, at first glance it can be seen that there is considerable variation in the process elements among the various sector ombudsmen.
A Brief Comparison of Ombudsmen Frameworks – Part 1
This is the first of a two-part blog series on the state of Grievance Redress in the Indian Financial System.
Comments dated 20 March 2017 on the draft of the “Information Technology (Security of Prepaid Payment Instruments) Rules 2017” dated 8 March 2017 (Draft Rules) released by the Ministry of Electronics and Information Technology, Government of India (MeitY)
Our comments in response to the Draft Rules are presented in two sections below. In the first section titled “I. Overarching Comments”, we raise two broad points on (1) extending the data protection principles consistently to avoid regulatory gaps, and (2) the need for regulatory coordination to avoid dual regulation, mitigate potential capacity constraints for MeitY and any adverse impact on the ease of doing business for pre-paid instrument (PPI) issuers. In the second section titled “II.
Comments on the Ministry of Electronics & Information Technology’s Draft Rules for Security of Prepaid Payment Instruments
On 8 March 2017, the Ministry of Electronics & Information Technology (MeitY) released a set of draft rules for security of prepaid payment instruments (Draft Rules), inviting comments by 20 March 2017.
