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Are NBFCs equipped for transition without disruption? The rapid growth in the NBFC sector, its interconnectedness with the financial system, and consequent systemic impact have spurred regulators to review the regulatory framework in line with the changing risk profile of NBFCs. A move in this direction and the regulators’ intent to have a regulatory framework …

Scale Based Regulation for NBFCs – Challenges and Opportunities Read More »

Two recent regulatory initiatives have advocated/mandated an important and internationally established governance practice of subjecting the critical Compliance Function in banks to an external/ independent review: – In a discussion paper brought out in June 2020 on Governance in Commercial Banks in India the Reserve Bank of India (RBI) has suggested that an external assessment …

External/Independent Review of Compliance Function in Banks Read More »

Re-emerging from the gloomy banking and financial crisis of 2008, a lot changed across the world (as it will again in the aftermath of the current pandemic crisis). The economy, markets, and their governance saw deep changes We started to live in what was then called a new normal. One of the far-reaching changes and …

Regulatory Compliance – Time to be smart about it? Read More »