Srikrishna panel for unified financial regulator

PANEL'S PROPOSALS

A unified financial regulatory agency to subsume Sebi, Irda, PFRDA and FMC A central bank in charge only of monetary policy, consumer protection law and micro-prudential law in banking and payments Securities Appellate Tribunal be merged with Financial Sector Appellate Tribunal to hear appeals against RBI Resolution Corporation watch financial firms that have made intense promises to households and intervene when the net worth of a firm is near zero Financial Redressal Agency address consumer complaints against companies across the financial sector Independent Debt Management Office and the Financial Stability Development Council

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