rbi speech, 2005-08-26
As a first step in this direction, an inter-agency Working Group on Financial Conglomerates (FC) comprising three supervisory bodies, viz., the Reserve Bank, the Securities and Exchange Board of India and Insurance Regulatory and Development Authority, in June 2004, identified 23 FCs and a pilot process for obtaining information from these conglomerates has been initiated.
Sentiment: neutral
Topic: financial_stability