The possibility of friction or conflict, as a result of the functioning of multiple regulators overseeing the different segments of financial sector, does not make a convincing case for a single all-powerful super- regulator. Discuss. (250 W)
Mentors Comment: While FSLRC has recommended for a single unified financial sector regulator, many analysts including former RBI governor C Rangarajan have suggested against such a single regulator. In the Introduction, write briefly about the present scenario of multiple regulators overseeing different segments of financial sector. Then come to recommendation of single super-regulator. Bring out… Continue reading The possibility of friction or conflict, as a result of the functioning of multiple regulators overseeing the different segments of financial sector, does not make a convincing case for a single all-powerful super- regulator. Discuss. (250 W)