Regulators Adopt Non-Legislative Aspects of FSLRC Report

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....egulators Adopt Non-Legislative Aspects of FSLRC Report <br>News and Press Release<br>Dated:- 9-7-2014<br><BR>The Financial Sector Legislative Reforms Commission (FSLRC) in its Report submitted on 24 ....

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....March 2011 has given wide-ranging recommendations, both legislative and non-legislative aspects, on the institutional, legal, and regulatory framework, and operational changes in the Indian financial ....

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....sector. The Economic Survey mentions that in October 2013 regulators decided to adopt the non-legislative aspects of FSLRC recommendations. These are broadly in the nature of governance enhancing prin....

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....ciples for enhanced consumer protection, greater transparency in the functioning of financial sector regulators in terms of their reporting system, greater clarity on their interface with the regulate....

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....d entities and greater transparency in the regulation making process by means of mandatory public consultations, incorporation of cost benefit analysis etc. Most households are as yet cutoff from larg....

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....e parts of the financial system. The survey says next wave of infrastructure financing will require a capable bond market.<BR> News - Press release - PIB....