Improving financial regulation in India

Somasekhar Sundaresan has written in Business Standard on the proposed Financial Services Appellate Tribunal (FSAT). Deepshikha Sikarwar has written in Economic Times on the proposed movement towards Regulatory Impact Assessment (RIA). These ideas come from the Mistry and Rajan reports.

These words -- financial services appellate tribunal; regulatory impact assessment -- sound like true bureaucratese, and these kinds of issues tend to get ignored by both practitioners and economists. However, this is where the rubber hits the road, this is where economic reform actually gets done.