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Commexes asked to implement FSLRC's suggestion from next month

Last Updated: Wednesday, April 09, 2014, 16:27

The exchanges should amend the KYC document effective from May 1 for new members and December 31 for all existing members, FMC said.

Introduce common demat account for financial investments: FM

Last Updated: Tuesday, February 04, 2014, 19:03

Finance Minister P Chidambaram on Tuesday asked regulators to expeditiously introduce a common demat account for financial assets, a move that is expected to benefit investors.

'Non-legislative suggestions of FSLRC can be implemented'

Last Updated: Saturday, January 11, 2014, 15:53

The Commission was constituted in March 2011 to review and rewrite the legal institutional framework of financial sector laws and it was headed by retired Supreme Court judge B N Srikrishna.

FM wants to increase retail investor base from 1.6 cr to 15 cr

Last Updated: Saturday, December 14, 2013, 21:33

Finance Minister P Chidambaram Saturday said he looks forward to seeing the number of retail investors increasing from 1.6 crore at present to 15 crore.

Chidambaram says some functions of RBI need to be revisited

Last Updated: Saturday, December 14, 2013, 18:28

Finance Minister P Chidambaram Saturday pitched for limiting the Reserve Bank's mandate to monetary policy formulation and banking regulation, and for delegating its other functions to government or other regulators.

RBI to implement FSLRC suggestions on consumer protection

Last Updated: Tuesday, October 29, 2013, 16:42

The Reserve Bank on Friday said it will implement the FSLRC's recommendations on consumer protection and will soon come out with consolidated instructions relating to consumer services in the financial sector.

'Final decision on FSLRC after consulting all stakeholders'

Last Updated: Friday, July 05, 2013, 12:23

Former Finance Minister Pranab Mukherjee had announced the setting-up of the FSLRC during his Budget speech of 2011-2012.

FM asks Finmin to implement financial reform panel views

Last Updated: Wednesday, May 22, 2013, 20:41

However, Chidambaram said changes would require considerable internal organisational strengthening, capacity building and workflow modification.

Do away with special laws for SBI, LIC: FSLRC

Last Updated: Sunday, March 31, 2013, 11:36

These recommendations form part of the Financial Sector Legislative Reforms Commission (FSLRC) report, which was submitted to Finance Minister P Chidambaram earlier this month.

Four FSLRC members oppose dilution of RBI powers

Last Updated: Thursday, March 28, 2013, 21:33

Differing with recommendations of the Finance Sector Legislative Reforms Commission (FSLRC), four members in their separate dissent notes have expressed their opposition to dilution of the powers of the RBI.

FSLRC proposes unified regulator for fin sector, RBI for banks

Last Updated: Thursday, March 28, 2013, 19:14

Seeking to reform the financial sector regulations, the government-appointed FSLRC has proposed Indian Financial Code Bill to pave way for creation of a unified financial regulator and limit the role of Reserve Bank to monetary management.

Panel proposes 2 regulators for financial sector; banking to be under RBI

Last Updated: Friday, March 22, 2013, 18:31

The Unified Financial Agency (UFA), as suggested by the Financial Sector Legislative Reforms Commission (FSLRC), would subsume the functions of key agencies such as SEBI, IRDA, PFRDA and Forward Markets Commission (FMC).