Indias financial market regulations get top ratings
The Dollar Business Bureau Measures taken by the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) to regulate the financial markets have got top ratings in a global survey. The regulatory framework of Indian market regulators was rated better than those adopted by similar bodies in the US and China, according to a latest assessment study conducted by the International Organisation of Securities Commissions (IOSCO) and the Bank for International Settlements (BIS). The study was conducted to assess the implementation of Principles of Financial Market Infrastructures (PFMIs) defined by IOSCO— a global body of regulators and BIS— a grouping of central banks. The study assessed regulatory framework of different countries on eight parameters and gave ratings ...
