Page 3 - Regulators

'Can't outsource recovery agents': RBI cracks the whip on M&M Financial

This is probably the first time the regulator has cracked down on lenders on recovery by coercive methods, which is typically a hallmark of outsourced recovery agents

Why are government and regulators uneasy about fintech's rise?

Rise of the fintech sector is posing a two-fold challenge before regulators and the govt: To turn India into a fintech superpower while ensuring consumer safety by firms. Our next report tells more

Sebi Chairperson Buch lists core principles that guide regulators

Buch also said that if your business model is woven around a black box, which is not open to sunlight for disinfecting or not capable of being audited or validated, it cannot be permitted.

Regulators must apply same rules for public and private cos: Deepak Parekh

Finance industry veteran Deepak Parekh on Wednesday said regulators are lenient on state-run companies, and there is a need to have a parity between public and private enterprises. He said the leniency is seen in various mandates like adhering to having required number of independent directors or women directors on board, and added that there is a "little less accountability" in the public sector. "Regulators are a bit lenient on public sector companies," Parekh said, speaking at the launch of the book "The Undercover Monk" here. Parekh, who is the chairman of mortgage major HDFC which is presently seeking regulatory nods for merging with subsidiary HDFC Bank, added, "same rules should apply on governance and disclosure norms". Parekh said sometimes, government nominee director's unavailability leads to cancellation of a meeting and recounted an experience while serving a state-run company's board. Parekh said after reaching New Delhi, he was informed that the meeting was postpone

'PARAKH' to bring harmony between the state and central boards in India

A new regulator, PARAKH (Performance Assessment, Review and Analysis of Knowledge for Holistic Development), is being set up to oversee the process and conduct the National Achievement Survey (NAS)

RBI's regulation review authority moots periodic review of existing rules

Also suggests that regulatory instructions should contain a statement of objective underlying the rationale for their issuance, supplemented with FAQs/guidance notes and illustrations

No need for official football regulator, says English Premier League

The regulator will be given powers to sanction clubs in English football that break financial and other rules

Regulators, policymakers should predict innovation-led disruptions: TRAI

Regulators and policymakers should proactively follow technological developments, predict innovation-led disruptions and manage them effectively and constructively, at a day and age where new generation of mobile communication will be seen in less than 10 years, TRAI Chairman PD Vaghela said on Friday. The role of regulators should be to create a facilitating, flexible, adaptive and light-touch regulatory ecosystem, which is based on the cardinal principle of forbearance, Vaghela noted. "We are in that age, where we will see a new generation of mobile communication in less than 10 years. For example, 5G is not even deployed fully and there is already a buzz of 6G technology," the TRAI chief said addressing India Mobile Congress (IMC) 2021 event. The regulators and policymakers should proactively follow the technological development, predict the innovation-led disruptions and manage the disruptions effectively and constructively, he said. An enabling regulatory environment would hel

Sebi makes fewer information requests to foreign regulators amid pandemic

Incoming requests from foreign regulators also dropped to their lowest since 2012-13

Best of BS Opinion: Bad loan resolution, Covid-19 vaccines, and more

Here are the best of Business Standard's opinion pieces for Monday

China's antitrust regulator bulking up as crackdown on behemoths widens

China's competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour

Best of BS Opinion: A Budget after contraction, new regulators, and more

Here's a selection of Business Standard opinion pieces for the day

New regulators: Careful what you wish for

If past experience is anything to go by, creating a new sectoral regulator for a specific industry is more likely to undermine the objective of combating anti-competitive conduct

Best of BS Opinion: Vivad Se Vishwas scheme, Das' 2 years as RBI guv & more

Here's a selection of Business Standard opinion pieces for the day

Don't fear a studious regulator

If regulators had a greater understanding of market realities, universal conventions, global market practices and their implications, the market would benefit from a better appreciation

Fleecing of floating rate borrowers continues

The fleecing of borrowers is so widespread and egregious that Moneylife Foundation filed a PIL (public interest litigation) petition, leading to an order by SC asking the RBI, to respond in six weeks

Covid-19: As regulators ease rules for firms, investors aren't taking it easy

Companies battling to get in shape after a nationwide lockdown to contain the coronavirus pandemic devastated the economy have been helped by regulators, but investors are worried. Should they be?

Regulatory transparency still a far cry from instilling public confidence

While RBI's recent move to make the minutes of its Central Board meeting public is welcome, regulators across sectors are generally loath to reveal cost-benefit analyses of their decisions

The promoter pledge: Regulators must join hands to check misuse

Tighter oversight and regulation, along with better disclosure norms, will help improve a method of raising funds that often leads to over-leverage and increases the risk of contagion across sectors

Sectoral expertise: Regulators can be found beyond the IAS

Regulation, especially financial regulation, is a particularly difficult task that requires a light touch and extensive experience with the sector being regulated