Financial Sector Legislative Reforms Committee Report (FSLRC): What to do and when? (Talk by Dr. Raghuram Rajan at the First State Bank ‘Banking and Economic Conclave’ held at Mumbai on June 17, 2014)

Financial Sector Legislative Reforms Committee Report (FSLRC): What to do and when? (Talk by Dr. Raghuram Rajan at the First State Bank ‘Banking and Economic Conclave’ held at Mumbai on June 17, 2014) https://www.taxtmi.com/news?id=12808 The text identifies two core tensions in the FSLRC proposals: excessive legal oversight that would subject regulatory judgment and policy to broad appellate review, risking paralysis and loss of regulatory efficacy; and uncertain regulatory reorganisation that mixes consolidation and fragmentation without empirical support, potentially harming synergies crucial for monetary policy, credit supervision, and market development. It urges calibrated checks (transparency, parliamentary reporting, limited appeals), strengthened inter-regulatory cooperation, preservation of regulator tools and competence, and incremental evidence-based reform rather than sweeping structural change. en-us Tue, 17 Jun 2014 10:22:32 +0530 Tue, 17 Jun 2014 10:22:32 +0530 TaxTMI RSS Generator Financial Sector Legislative Reforms Committee Report (FSLRC): What to do and when? (Talk by Dr. Raghuram Rajan at the First State Bank ‘Banking and Economic Conclave’ held at Mumbai on June 17, 2014) https://www.taxtmi.com/news?id=12808 The text identifies two core tensions in the FSLRC proposals: excessive legal oversight that would subject regulatory judgment and policy to broad appellate review, risking paralysis and loss of regulatory efficacy; and uncertain regulatory reorganisation that mixes consolidation and fragmentation without empirical support, potentially harming synergies crucial for monetary policy, credit supervision, and market development. It urges calibrated checks (transparency, parliamentary reporting, limited appeals), strengthened inter-regulatory cooperation, preservation of regulator tools and competence, and incremental evidence-based reform rather than sweeping structural change. News - Tue, 17 Jun 2014 10:22:32 +0530 https://www.taxtmi.com/news?id=12808