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Business Standard

Insolvency rules for FSPs: Regulator has more control than CoC, say experts

Experts say a separate framework for financial service providers is required to protect retail investors, and for systemic reasons

Topics
NBFCs | financial sector | financial services

Sudipto Dey 



Insolvency and Bankrutcy code IBC

The government last week came up with an interim framework for resolving financial stress in financial service providers (FSPs) through a structured resolution and liquidation proceedings. Experts decode the implications of the insolvency rules for debt-laden financial entities, and how their treatment would be different from that of the corporate insolvency resolution process for manufacturing or services outfits.

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First Published: Mon, November 18 2019. 01:15 IST

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