Regulatory and Supervisory Approaches for NBFCs
In this position paper, we articulate how NBFCs can be regulated and supervised to enhance efficiency for the overall financial system
FSLRC on Micro-prudential Regulation
The financial-legal framework envisaged by the FSLRC comprises nine important components, one of which is Micro-prudential regulation.
FSLRC on Systemic Risk
Following the IMF-FSB-BIS definition, the FSLRC defines systemic risk as “ risk of disruption to financial services that is caused by an impairment of all or parts of the…
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 Inclusion and Market Development
The FSLRC report identifies three problems that occur when regulators pursue the objectives of financial inclusion and market development like subsidizing credit for agriculture or increasing the flow of…
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…
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…
FSLRC moots shift in onus of consumer protection from consumer to provider
Why does consumer protection assume so much more significance in financial services, more so than perhaps for other services? Financial services don’t have fixed characteristics.
The FSLRC Approach
Financial Sector Legislative Reforms Commission (FSLRC) was set up by the Indian Government in 2011 with a mandate to help rewrite and harmonize financial sector legislation, rules and regulations. On…