MUMBAI: Despite many reforms in the banking system over the last two decades, challenges like diversified structure of financing and complexity of financial products should be addressed for long-term stability, industry experts said here today. "Though there have been many reforms in the banking space in the last two decades, issues related to long-term financing, rising complexity of financial products with globalisation along with various sources of funding still remain. Regulators have to address these issues for long-term stability of the sector," Member of Financial Sector Legislative Reforms Commission (FSLRC), Y H Malegam said at Financial Planning Congress' 11 organised by Financial Planning Standards Board of India here. He, however, said Indian banks are better placed than their global counterparts as far as capital adequacy and exposure to risky assets are concerned.
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