Economic Survey bats for agencies within regulators to evaluate regulations
2 months ago

Economic Survey bats for agencies within regulators to evaluate regulations

Live Mint  

Mumbai: The Economic Survey on Friday called for creating independent agencies within financial sector regulators to evaluate their regulations “from all angles”. An economic and social cost-benefit analysis of regulations, the survey said, will prove useful to regulators in making them effective and purposeful rather than broad-based, cumbersome, and inhibiting legitimate economic activity and risk-taking. This will strengthen the credibility of the process regulators follow and improve the acceptance of the proposed measures.” Interestingly, former Sebi chairperson M. Damodaran, recently called for heightened regulatory impact assessment at a time capital markets are surging. The financial sector is governed by independent regulatory bodies like the Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India, Pension Fund Regulatory and Development Authority and Insolvency and Bankruptcy Board of India.

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Budget 2025: Mechanism to review financial regulations paves way for responsive policies, experts say
2 months ago

Budget 2025: Mechanism to review financial regulations paves way for responsive policies, experts say

Live Mint  

Finance minister Nirmala Sitharaman said a mechanism would be set up under the Financial Stability and Development Council to evaluate the impact of financial regulations and subsidiary instructions. “By assessing existing regulations and their effects, this mechanism will help reduce compliance burdens and enhance market responsiveness—a crucial balance the financial sector has long needed," he said. Impartial assessments The Economic …

Financial Stability Council Addresses Macro-Financial Concerns, Stresses Regulatory Coordination
1 year, 1 month ago

Financial Stability Council Addresses Macro-Financial Concerns, Stresses Regulatory Coordination

Deccan Chronicle  

New Delhi: Strengthening inter-regulatory coordination in financial sector to support inclusive economic growth in the country, Financial Stability and Development Council, chaired by Union finance minister Nirmala Sitharaman, on Wednesday deliberated a range of critical issues concerning macro-financial stability, including matters related to Know-Your-Customer norms among others. Besides, it also emphasised a constant vigil and proactive efforts towards detecting emerging …

Shaktikanta Das headed FSDC sub-committee reviews developments in the economy
4 years, 2 months ago

Shaktikanta Das headed FSDC sub-committee reviews developments in the economy

Live Mint  

RBI Governor Shaktikanta Das headed Sub-Committee of the FSDC on Wednesday reviewed the major developments in the global and domestic economy as well as financial markets that impact financial stability, the central bank said in a statement. The virtual meeting of the Sub-Committee of the Financial Stability and Development Council was attended by various regulators, including Sebi and Irdai. The …

India alert to global financial threats: Financial Stability Development Council
8 years, 8 months ago

India alert to global financial threats: Financial Stability Development Council

Firstpost  

The Financial Stability Development Council met for the 15th time today since its formation in December 2010 to deliberate on the macro-economic situation and financial developments globally. New Delhi: India will not let guards down on preparedness to deal with external sector vulnerabilities including those arising from Brexit, Finance Minister Arun Jaitley and financial sector regulators including RBI Governor Raghuram …

India secures top-most ratings for financial market norms | IndiaTV News
9 years, 9 months ago

India secures top-most ratings for financial market norms | IndiaTV News

India TV News  

Geneva: India's financial market regulatory framework Thursday got the top-most ratings from the global bodies of banking and capital market regulators, with RBI and Sebi being rated better than their peers in China and the US. In the latest global 'assessment study' of the regulatory framework for financial market infrastructures across the world, only six countries, including India, have got …

Justice B.N. Srikrishna and Finance Minister Arun Jaitley to work jointly on financial reforms
10 years, 3 months ago

Justice B.N. Srikrishna and Finance Minister Arun Jaitley to work jointly on financial reforms

Live Law  

Srikrishna, who had headed the Financial Sector Legislative Reforms Commission, will now work hand in hand with Finance Minister Arun Jaitley in an attempt to finalize a Uniform Indian Financial Code, which seeks to put in place a new regulatory framework for Indian financial markets. The Code will replace a mass of laws and rules concerning the country’s financial sector. …

Govt mulls strengthening Financial Stability Devpt Council: Chidambaram
11 years, 2 months ago

Govt mulls strengthening Financial Stability Devpt Council: Chidambaram

Firstpost  

The FSDC, headed by the Finance Minister, was set up in 2010 to coordinate the work of various financial sector regulators, including RBI, SEBI, IRDA and PFRDA. New Delhi: The government is working to strengthen the high-level regulatory coordination panel - Financial Stability Development Council - so that it can act as a “war room” in times of global financial …

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