.........The
global consensus is that microprudential and systemic risk work should
not be within the same organisation. Hence, there are good reasons why
the RBI should not be the primary systemic risk management agency: (a)
RBI would do microprudential regulation
for banking and payments, and (b) RBI is a sectoral regulator for these
two sectors and would generally favour them. Under the FSLRC proposal,
FSDC does no microprudential regulation, and looks at the full financial
system without sectoral biases................
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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