Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

RBI releases Bhaskar panel report draft

Jan 04 2014, 04:16 IST
Comments 0
SummaryReserve Bank of India (RBI) on Friday, released a draft paper of the committee on financial benchmarks.

Reserve Bank of India (RBI) on Friday, released a draft paper of the committee on financial benchmarks.

RBI had announced constitution of a committee under Vijaya Bhaskar in June to study issues relating to financial benchmarks and submit the report by December 31.

While the existing system was found generally satisfactory, the report recommends several measures to strengthen the benchmark quality, setting methodology and governance framework.

"In line with the international move towards greater regulatory oversight of the benchmark setting process, the report reviews the existing regulatory powers of RBI over the financial benchmarks and recommends suitable amendments of the RBI Act," the banking regulator said in a press release on its website. RBI has invited public comments on the draft report.

Ads by Google

More from Front Page

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...