Regulatory engagement: A sine qua non

It is time for an engagement strategy document incorporating best practices of other central banks in key markets

Image
Premium

Ravi Duvvuru
A structured regulatory engagement with the banking regulator is essential for policy makers and the industry to meaningfully formulate and transmit policy seamlessly. While the Reserve Bank of India (RBI) interacts with industry bodies and market participants, the second Regulatory Review Authority and its advisory group signalled a paradigm shift to strengthen collaboration. I am outlining some essential elements of stakeholder engagement by regulators in key markets, with whom I had interactions.

United Kingdom: Treasury and regulators are subject to various obligations intended to support stakeholder engagement with the policy-making process, and to help ensure it is rigorous, evidence-based and
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 19 2022 | 8:16 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com