Financial Sector Legislative Reforms Commission

IMF-World Bank: India – Basel Core Principles for Effective Banking Supervision – Detailed Assessment Report

RBI welcomes the comprehensive review of banking regulation and supervision in India done with respect to the highest international standards, by the joint IMF-World Bank team. The Detailed Assessment Report (DAR) recognised that India made considerable progress towards developing a stable financial system through improvements in the legal, regulatory and supervisory framework, which led India to be… Read More

Tags: Banking in IndiaBasel Committee on Banking SupervisionFinancial Sector Legislative Reforms CommissionFinancial Stability and Development CouncilIndiaInsurance Regulatory and Development AuthorityReserve Bank of IndiaState Bank of India

7th Meeting of the Financial Stability and Development Council

Reviews The Position of Asset Quality and Capital Adequacy of The Banking System in the Country, National Strategy for Financial Education and the Recommendations of The Financial Sector Legislative Reforms Commission Among Others The Financial Stability and Development Council (FSDC) reviewed the position of asset quality and capital adequacy of the banking system in the… Read More

Tags: Basel IIIFinance SecretaryFinancial Sector Legislative Reforms CommissionFinancial Stability and Development CouncilFinancial Stability BoardFSDCIndiaRun batted in

FM Speak :: Speech at the ICSI Seminar on Indian Financial Code

The Union Finance Minister P. Chidambaram has said that multiplicity of Institutions and multiplicity of Regulators which have come up from time to time to meet newly perceived requirements, has  potentially created regulatory overlaps, gaps and ambiguity on account of lack of role clarity.  This creates inefficiencies in addressing critical emerging issues in a increasingly dynamic, complex and interconnected financial world.… Read More

Tags: DelhiFinancial Sector Legislative Reforms CommissionIndiaInstitute of Company Secretaries of IndiaNew DelhiP. ChidambaramRegulationRegulators

ICSI Conducts National Seminar on ˜Indian Financial Code™

Union Finance Minister, Shri P. Chidambaram, here today inaugurated a National Seminar on the Indian Financial Code as recommended by the Financial Sector Legislative Reforms Commission. The Seminar was organized by the Institute of Company Secretaries of India (ICSI) which functions under the aegis of the Ministry of Corporate Affairs. Addressing the august gathering, Shri… Read More

Tags: Chitra RamakrishnaCorporate Affairs MinistryFinancial Sector Legislative Reforms CommissionFinancial servicesIndiaInstitute of Company Secretaries of IndiaP. ChidambaramSeminar

Report of the Financial Sector Legislative Reforms Commission

The Financial Sector Legislative Reforms Commission was constituted by the Government of India, Ministry of Finance, in March, 2011. The setting up of the Commission was the result of a felt need that the legal and institutional structures of the financial sector in India need to be reviewed and recast in tune with the contemporary requirements… Read More

Tags: Finance MinistryFinancial regulationFinancial Sector Legislative Reforms CommissionFinancial servicesGovernmentIndiaReserve Bank of IndiaRun batted in

FM Speak :: Immediate Challenges are to Consolidate Economy, Return to Higher Growth Rate

Immediate Challenges are to Consolidate the Economy, Return to the Path of Higher Growth Rate and Ensuring the Gains ofgrowth Reach More and More People; Government™s Targeted Policies for Poor with Fewer Leakages due to Implememtation of Direct Benefit Transfer System to Help in Translating Higher Outlays into Better Outcomes; Rationalisation of Foreign Investment in… Read More

Tags: Finance MinisterFinance SecretaryFinancial Sector Legislative Reforms CommissionGovernmentGovernment debtIndiaP. Chidambaram

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