https://www.taxtmi.com/news?id=23334 The Reserve Bank proposes a calibrated, proportionate NBFC regulatory framework that intensifies supervision of entities posing systemic externalities while preserving regulatory lightness for smaller firms. Key measures include enhanced liquidity risk governance with a tailored Liquidity Coverage Ratio for large NBFCs, prudential oversight of government owned NBFCs, fintech specific rules such as P2P and the Account Aggregator framework, strengthened disclosure requirements for Core Investment Companies, and phased harmonisation of Housing Finance Companies into the NBFC perimeter. Complementary reforms target promoter due diligence, corporate governance, consumer protection and activity based regulation in microfinance. en-us Fri, 06 Nov 2020 16:51:57 +0530 Fri, 06 Nov 2020 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23334 The Reserve Bank proposes a calibrated, proportionate NBFC regulatory framework that intensifies supervision of entities posing systemic externalities while preserving regulatory lightness for smaller firms. Key measures include enhanced liquidity risk governance with a tailored Liquidity Coverage Ratio for large NBFCs, prudential oversight of government owned NBFCs, fintech specific rules such as P2P and the Account Aggregator framework, strengthened disclosure requirements for Core Investment Companies, and phased harmonisation of Housing Finance Companies into the NBFC perimeter. Complementary reforms target promoter due diligence, corporate governance, consumer protection and activity based regulation in microfinance. News - Fri, 06 Nov 2020 16:51:57 +0530 https://www.taxtmi.com/news?id=23334