......The finance ministry officials, though, are convinced that a merger of the bodies will have its inherent advantages, as regulations in securities, commodity futures and currency derivatives will converge. However, even if the merger happened, the Reserve Bank of India (RBI) would continue to be an interface for currency derivatives, they said. A convergence would make it easier for the watchdog to track movement of money among a group's companies engaged in different tradeable products, explained an official. Besides, it would reduce transaction costs for markets, since companies might not need separate set-ups to comply with regulations...........
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.
No comments:
Post a Comment