<h1>RBI Executive Highlights Global Financial Reforms Post-2008 Crisis; Discusses China's Currency Impact on India at Singapore Conference.</h1> The keynote address by an executive director of the Reserve Bank of India at a conference in Singapore highlighted significant regulatory changes in global financial markets post the 2007-2008 crisis. Key reforms include the Volcker Rule in the US, the Vickers report in the UK, and the Liikanen report in the EU, all advocating separation of commercial and investment banking activities to prevent future crises. The address also discussed the internationalization of the Chinese Renminbi and its implications for the Indian Rupee, emphasizing the need for India to cautiously approach currency internationalization and enhance its forex derivatives market.