RBI’s Raghuram Rajan questions FSLRC recommendations

...“If we attempt to do this, we will undermine the very purpose of a regulator,” Rajan said. Rajan further questioned the recommendations of FSLRC with regards to the appropriate size and scope of regulators. “The FSLRC’s recommendations seem somewhat schizophrenic here,” said Rajan. He added that on the one hand FSLRC speaks of synergies in bringing together some regulators into one entity, but it also suggests breaking up other regulators “with attendant loss of synergies.”...............

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