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| Shri G Padmanabhan, Executive Director and Smt. Shyamala Gopinath, Former Deputy Governor, Reserve Bank of India receiving the Dufrenoy Award for Responsible Innovation 2012. The award was conferred on the Reserve Bank of India for Responsible Financial Innovation on June 18, 2012 in Paris |
.....The conference was attended by professionals from financial services industry, regulatory bodies, policy institutions and media. Smt. Shyamala Gopinath, former Deputy Governor, Reserve Bank of India was invited to speak at this conference. She spoke on the RBI’s approach to innovation, specifically to regulating OTC derivatives. The Reserve Bank was nominated by the Observatory on the basis of the speech delivered by Smt. Gopinath.........
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....The award has been given for RBI's precautionary approach to the regulation of derivatives market, the central bank said in a statement. RBI has been recognised and appreciated "for the very reason it was criticised not so long ago," RBI executive director G Padmanabhan said in his acceptance speech.....
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