Monday, August 17, 2009

Improving financial regulation in India

Somasekhar Sundaresan has written in Business Standard on the proposed Financial Services Appellate Tribunal (FSAT). Deepshikha Sikarwar has written in Economic Times on the proposed movement towards Regulatory Impact Assessment (RIA). These ideas come from the Mistry and Rajan reports.

These words -- financial services appellate tribunal; regulatory impact assessment -- sound like true bureaucratese, and these kinds of issues tend to get ignored by both practitioners and economists. However, this is where the rubber hits the road, this is where economic reform actually gets done.

3 comments:

  1. really the financial rule and regulation should change timely.

    ReplyDelete
  2. improvement in financial system is an important one in India.

    ReplyDelete
  3. improvement in financial system is an important one in India.

    ReplyDelete

Please note: Comments are moderated; I will delete comments that misbehave. The rules are as follows. Only civilised conversation is permitted on this blog. Criticising me is perfectly okay; uncivilised language is not. I delete any comment which is spam, has personal attacks against anyone, or uses foul language.