RBI’s Gandhi: are regulators ‘barking up the right trees’?
Deputy governor stresses effective regulation is not about ever more detailed rules
Regulators ought to stop and check they are "barking up the right trees" to ensure regulation continues to be effective, according to R Gandhi, deputy governor at the Reserve Bank of India (RBI).
Speaking in Chennai on February 5, Gandhi warned against focusing regulation on "increasingly detailed and complex rules", and urged supervisors to remember the bigger picture. He recommended taking a view of "dynamic stability" – remaining flexible enough to respond to new threats as they inevitably
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