https://www.taxtmi.com/news?id=27435 RBI sets four guiding principles-Prudence, Proportionality, Proactiveness and a harmonised approach-to guide regulation: prudence through capital, provisioning and supervision; proportionality via scale and tier based rules; proactiveness by identifying emerging risks and using tools like regulatory sandboxes; harmonisation by applying "same activity, same risk, same regulation" while tailoring requirements to entity risk profiles. The framework supports a shift toward principle based regulation contingent on strengthened compliance, and prioritises regulatory responses to technology, conduct, governance and procyclicality to preserve financial stability. en-us Wed, 03 Apr 2024 10:29:42 +0530 Wed, 03 Apr 2024 10:29:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27435 RBI sets four guiding principles-Prudence, Proportionality, Proactiveness and a harmonised approach-to guide regulation: prudence through capital, provisioning and supervision; proportionality via scale and tier based rules; proactiveness by identifying emerging risks and using tools like regulatory sandboxes; harmonisation by applying "same activity, same risk, same regulation" while tailoring requirements to entity risk profiles. The framework supports a shift toward principle based regulation contingent on strengthened compliance, and prioritises regulatory responses to technology, conduct, governance and procyclicality to preserve financial stability. News - Wed, 03 Apr 2024 10:29:42 +0530 https://www.taxtmi.com/news?id=27435