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Friday, April 12, 2013

FSLRC: The cast of 146

There is little experience in India with large complex projects of drafting law. The process adopted by FSLRC had many strengths. In the table below, I have pulled together the names of all 146 persons mentioned in the report. A diverse array of knowledge and perspective was brought into the project. In addition, the work took place over two years with a large dedicated workforce. In these respects, it represents an important contrast with the small closed groups, and small scale of resources, that have traditionally done drafting of law in India.




NameDesignation and OrganisationRole in FSLRC
1Shankar AcharyaHonorary Professor, Indian Council for Research on International Economic RelationsSpecial Invitee, FSLRC
2Viral V AcharyaProfessor of Economics, New York University Stern School of Business, USAHonorary Adviser, FSLRC and External Reviewer, Technical Team
3Late C AchuthanCorporate Law Chambers IndiaMember, FSLRC
4Rajiv AgarwalSecretary (Consumer Affairs), Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution, Government of IndiaSpecial Invitee, FSLRC
5Varsha AgrawalConsultant, NIPFPMember, Technical Team
6K AishwaryaConsultant, NIPFPMember, Technical Team
7Chirag AnandConsultant, NIPFPMember, Technical Team
8Karan AnandConsultant, NIPFPMember, Technical Team
9Kumar AnandConsultant, NIPFPMember, Technical Team
10Bindu AnanthPresident, IFMR TrustExternal Reviewer, Technical Team
11Uday P ApsingekarSr. PPS to Chairman, FSLRC Member, FSLRC Administration Team
12Molina AsthanaPrincipal Solicitor, Commercial, Property & Technology, Victorian Government Solicitor's Office, Melbourne, AustraliaExternal Reviewer, Technical Team
13Jahangir AzizChief Economist, JP Morgan Chase & CoAdvisor and External Reviewer, Technical Team
14Shobana BAcademic Associate, National Institute of Securities MarketsMember, Technical Team
15Vikram BahureConsultant, NIPFPMember, Technical Team
16Tarun BajajFormer Joint Secretary (Insurance & Pension), Department of Financial Services, Ministry of Finance, Government of India Member, Working Group on Insurance, Retirement Financing and Small Savings
17Vimal BalasubramaniamConsultant, NIPFPMember, Technical Team
18Dipak BanerjeeOSD, FSLRC Member, FSLRC Administration Team
19Sanjay BanerjiProfessor of Finance, University of Nottingham Business School, UKExternal Reviewer, Technical Team
20Vishvesh BhagatSenior Vice President (Legal, Compliance & vigilance), National Institute of Securities MarketsMember, FSLRC Administration Team
21Sudarshan BhattacharjeeConsultant, NIPFPMember, Technical Team
22C B BhaveFormer Chairman, Securities and Exchange Board of IndiaAdvisor and External Reviewer, Technical Team
23M G BhideFormer Chairman and Managing Director, Bank of IndiaMember, Working Group on Banking
24Paul BinstedChairman, Financial Sector Advisory Council, AustraliaCountry Expert Consultation
25Mark BoleatCity of London Roundtable, UKCountry Expert Consultation
26Michele BourquePresident, Canada Deposit Insurance Corporation, CanadaCountry Expert Consultation
27Sarah BreedenPrudential Regulatory Authority Transition Team, UKCountry Expert Consultation
28Mike CallaghanExecutive Director, Treasury, AustraliaCountry Expert Consultation
29Jeff CarmichaelWallis Inquiry Member and Inaugural Chairman, Australian Prudential Regulation Authority, AustraliaCountry Expert Consultation
30Sumathi ChandrashekaranConsultant, NIPFPMember, Technical Team
31Ashok ChawlaChairperson, Competition Commission of IndiaSpecial Invitee, FSLRC
32Rajendra P ChitaleManaging Partner, M.P.Chitale & CoSpecial Invitee, Working Group on Insurance, Retirement Financing and Small Savings
33Russell CollinsChairman, Financial Sector Practitioners' Panel, UKCountry Expert Consultation
34Mary CondonVice-Chair, Ontario Securities Commission, CanadaCountry Expert Consultation
35Matt CrookeMinister-Councillor, Australian High Commission, New DelhiCountry Expert Consultation
36Devika DasConsultant, NIPFPMember, Technical Team
37Pratik DattaConsultant, NIPFPMember, Technical Team
38Akhil DuaConsultant, NIPFPMember, Technical Team
39Alex EtraConsultant, NIPFPMember, Technical Team
40Patty EvanoffSenior Director, Office of the Superintendent of Financial Institutions, Canada Country Expert Consultation
41Stuart FraserCity of London Roundtable, UKCountry Expert Consultation
42Neeraj GambhirHead, Fixed Income Business for India, Nomura Holdings IncMember, Working Group on Securities
43Meeta GangulyConsultant, NIPFPMember, Technical Team
44Charles GoodhartProfessor and Director of Financial Regulation Research Programme,London School of Economics, UKCountry Expert Consultation
45R GopalanSecretary, Department of Economic Affairs, Ministry of Finance, Government of India Special Invitee, FSLRC
46Abhishek GuptaConsultant, NIPFPMember, Technical Team
47Apoorva GuptaConsultant, NIPFPMember, Technical Team
48Monika HalanEditor, Mint MoneyExternal Reviewer, Technical Team
49Mark HobanFinancial Secretary, The Treasury, UKCountry Expert Consultation
50Lord HoffmanChairman, Financial Markets Law Committee, UKCountry Expert Consultation
51Neena JacobConsultant, NIPFPMember, Technical Team
52Bhavna JaisinghConsultant, NIPFPMember, Technical Team
53Bimal JalanFormer Governor, Reserve Bank of IndiaSpecial Invitee, FSLRC
54Parikshit KabraConsultant, NIPFPMember, Technical Team
55Madhu KannanFormer Managing Director and CEO, Bombay Stock Exchange Limited Member, Working Group on Securities
56Shreeya KashyapConsultant, NIPFPMember, Technical Team
57Vijay KelkarChairman, Forum of Federations, Ottawa & India Development Foundation, New DelhiSpecial Invitee, FSLRC
58Vikramaditya KhannaProfessor, University of Michigan Law School, USAExternal Reviewer, Technical Team
59Sudhamoy KhasnobisFounder, i-Care Life Pte. Ltd, SingaporeExpert and External Reviewer, Technical Team
60Naina Lal KidwaiGroup General Manager and Country Head, HSBC IndiaMember, Working Group on Banking
61James KnightDebt Management Office, UKCountry Expert Consultation
62Sunder Ram KoriviDean, School for Securities Education, National Institute of Securities MarketsMember, Technical Team
63T KoshyExecutive Director, Advisory Services, Ernst & Young Private LimitedExternal Reviewer, Technical Team
64K P KrishnanSecretary, Economic Advisory Council to Prime Minister, Government of IndiaExternal Reviewer, Technical Team
65Amol KulkarniConsultant, NIPFPMember, Technical Team
66Aishwarya KumarConsultant, NIPFPMember, Technical Team
67Shekhar Hari KumarConsultant, NIPFPMember, Technical Team
68Kanagasabapathy Kuppuswamy Director, EPW Research FoundationMember, Working Group on Debt Management Office
69Bikku KuruvilaLegal Consultant, New York, USALegal Consultant, Technical Team
70John LakerChairman, Australian Prudential Regulation Authority, AustraliaCountry Expert Consultation
71Rajiv LallManaging Director and Vice Chairman, Infrastructure Development Finance Company Member, Working Group on Banking
72Timothy Lane Deputy Governor, Bank of CanadaCountry Expert Consultation
73Tiff MacklemSenior Deputy Governor, Bank of CanadaCountry Expert Consultation
74Yezdi H MalegamS.B. Billimoria & CompanyMember, FSLRC and Member, Working Group on Banking
75Aakriti Mathur Consultant, NIPFPMember, Technical Team
76Kate McKee Senior Advisor, CGAPExternal Reviewer, Technical Team
77Poonam Mehra Assistant Professor, National Institute of Securities MarketsMember, Technical Team
78Ursula Menke Commissioner, Financial Consumer Agency of CanadaCountry Expert Consultation
79Ravi Menon Managing Director, Monetary Authority of SingaporeCountry Expert Consultation
80Apoorva Ankur MishraConsultant, NIPFPMember, Technical Team
81Percy S MistryDirector, J P Morgan Emerging Markets Investment TrustExpert, FSLRC
82Ambarish Mohanty Consultant, NIPFPMember, Technical Team
83Nachiket Mor Chair, Sugha Vazhvu Health Care Private LimitedExternal Reviewer, Technical Team
84C K G NairSecretary, FSLRCSecretary, FSLRC
85N K NampoothirySpecial Secretary, Department of Legal Affairs, Ministry of Law and Justice, Government of IndiaExpert, Technical Team
86Ravi Narain Managing Director & CEO, National Stock ExchangeMember, Working Group on Securities
87S A Narayan Managing Director, Kotak Securities Limited Member, Working Group on Securities
88Badri Narayanan Advisor, Third Eye Capital Advisors LLP External Reviewer, Technical Team
89P J NayakChairman, Morgan Stanley India Company Pvt. Ltd.Member, FSLRC and Chairman, Working Group on Payments
90Uttam Nayak Country Manager, VISAMember, Working Group on Payments
91Lyndon Nelson Director, Financial Services Authority, UKCountry Expert Consultation
92Rob Nicholl CEO, Debt Management Office, AustraliaCountry Expert Consultation
93Justice Debi Prasad PalMember, FSLRCMember, FSLRC
94Radhika Pandey Consultant, NIPFPMember, Technical Team
95Ritvik R PandeyDirector (Budget), Department of Economic Affairs, Ministry of Finance, Government of IndiaExpert , Technical Team
96Deepak S ParekhNon-executive Chairman, Housing Development Finance CorporationSpecial Invitee, FSLRC
97Bobby Parikh Managing Partner, BMR & AssociatesConsultant, FSLRC
98Smriti Parsheera Consultant, NIPFPMember, Technical Team
99Ila PatnaikProfessor, NIPFPCo-lead, Technical Team
100Avinash Persaud Senior Fellow, Caribbean Policy Research Institute Honorary Advisor, FSLRC
101Bharat PoddarGroup Head, Boston Consulting Group, IndiaMember, Working Group on Payments
102Anuradha Prasad Chief Controller of Defence Accounts, Government of IndiaMember, Working Group on Insurance, Retirement Financing and Small Savings
103Madhavi Pundit Assistant Professor, NIPFPMember, Technical Team
104Aditya Puri Managing Director, HDFC Bank Ltd Member, Working Group on Banking
105Suyash Rai Consultant, NIPFPMember, Technical Team
106Raghuram G RajanChief Economic Advisor, Department of Economic Affairs, Ministry of Finance, Government of IndiaSpecial Invitee, FSLRC
107Tarun Ramadorai Professor of Financial Economics, Said Business School & Oxford-Man Institute of Quantitative Finance, University of Oxford, UKHonorary Advisor and External Reviewer, Technical Team
108Kavitha Ranganathan Programme Manager (Academic), National Institute of Securities MarketsMember, Technical Team
109C RangarajanChairman, Economic Advisory Council to the Prime Minister, Government of IndiaSpecial Invitee, FSLRC
110C S RaoFormer Chairman, Insurance Regulatory and Development AuthoritySenior Adviser, Working Group on Insurance, Retirement Financing and Small Savings
111M Govinda RaoDirector, NIPFPMember, FSLRC and Chairman, Working Group on Debt Management Office
112Rajshekhar Rao AdvocateConsultant, FSLRC
113Sowmya Rao Consultant, NIPFPMember, Technical Team
114O N RaviCorporate Development Officer, Clearing Corporation of India LimitedHonorary Advisor and External Reviewer, Technical Team
115Barbara Ridpath CEO Regulation, International Centre for Financial Regulation, UKCountry Expert Consultation
116Shubho Roy Consultant, NIPFPMember, Technical Team
117Jeremy Rudin Assistant Deputy Minister, Department of Finance, CanadaCountry Expert Consultation
118K G Sahadevan Professor of Economics, Indian Institute of Management, LucknowMember, Working Group on Securities
119M S SahooFormer Member, Securities and Exchange Board of IndiaLegal Consultant, Technical Team
120Renuka Sane Research Economist, Indira Gandhi Institute of Development Research, MumbaiExternal Reviewer, Technical Team
121Subrata Sarkar Professor, Indira Gandhi Institute of Development Research, MumbaiExternal Reviewer, Technical Team
122Ankur Narain SaxenaConsultant, NIPFPMember, Technical Team
123Sally Scutt Deputy CEO, British Bankers' Association, UKCountry Expert Consultation
124Ajay Shah Professor, NIPFPCo-lead, Technical Team
125Sanjiv Shah Executive Director, Goldman Sachs, IndiaMember, Technical Team
126A P SinghJoint Secretary, Unique Identification Authority of India, Planning Commission, Government of IndiaMember, Working Group on Payments
127Darshika Singh Consultant, NIPFPMember, Technical Team
128Neeraj SinghConsultant, NIPFPMember, Technical Team
129A K SinhaDeputy Secretary, FSLRCMember, Administration Team
130Abhishek Sinha CEO, EKO India Financial Services Private LimitedMember, Working Group on Payments
131Janmajeya Sinha Chairman of Asia-Pacific Operations, Managing Director of Mumbai Operations and Senior Partner, Boston Consulting Group, Inc.Member, Working Group on Banking
132Justice B N SrikrishnaChairman, FSLRCChairman, FSLRC
133Glenn Stevens Governor, Reserve Bank of AustraliaCountry Expert Consultation
134Gregory Stevens Prudential Regulatory Authority Transition Team, UKCountry Expert Consultation
135Robert Stheeman CEO, UK Debt Management OfficeCountry Expert Consultation
136Somasekhar Sundaresan J. Sagar Associates, Advocate & SolicitorsConsultant, FSLRC
137Dhirendra Swarup Member, FSLRCMember Convenor, FSLRC, Chairman, Working Group on Insurance, Retirement Financing, and Small Savings and Member, Working Group on Debt Management Office
138Lucie Tedesco Deputy Commissioner, Financial Consumer Agency of CanadaCountry Expert Consultation
139Ranjit TinaikarPartner, McKinsey & Company, IndiaMember, Working Group on Payments
140K J UdeshiChairperson, Banking, Codes & Standards Board of IndiaMember, FSLRC and Chairperson, Working Group on Banking
141K N Vaidyanathan Chief Risk Officer, Mahindra and MahindraHonorary Advisor and External Reviewer, Technical Team
142Harsh Vardhan Partner, Bain & Company Member, Working Group on Banking
143Jayanth R Varma Professor (Finance and Accounting), Indian Institute of Management, AhmedabadMember, FSLRC and Chairman, Working Group on Securities
144Kaushalya Venkataraman Consultant, NIPFPMember, Technical Team
145Yesha Yadav Assistant Professor of Law, Vanderbilt University Law School, USAExternal Reviewer, Technical Team
146Mark Zelmer Assistant Superintendent, Office of the Superintendent of Financial Institutions, CanadaCountry Expert Consultation

2 comments:

  1. Collective wisdom in drafting a Law of the nature that has implications for a century ahead is always a virtue. I know at least 30 out of the 146 very familiarly.
    The matter of setting up a Unified Regulatory Authority with overweighing power in the hands of the Government is fraught with great risk knowing the way governments work.
    I am particularly weary of clipping the power of RBI as Monetary authority making it a plural organisation with representatives of the Government participating. I am one who believes that the economy would be safe when a counterweighing balance rests with the autonomy of the central bank.This belief is not psychological in nature but borne by the experience of countries where independence of the central bank is upheld.

    ReplyDelete
    Replies
    1. May I suggest a careful reading of the present RBI Act and the proposed Indian Financial Code.

      The present RBI Act has zero autonomy for RBI.

      The proposed Indian Financial Code has very strong autonomy for RBI. The autonomy of RBI under the Code would be greater than that of the Bank of England today.

      If you think the central bank should have more independence, you will like the Indian Financial Code.

      Delete

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