RBI to strengthen norms for SIFI, says Gopinath

RBI deputy governor Shyamala Gopinath has said that going forward, the banking regulator will have to consider strong policies for Systemically Important Financial Institutions (SIFI) drawing on a range of policy levers. The real concern from the inter-connectedness perspective arises from the non-banking financial sector which is regulated by regulators for respective sectors viz insurance, securities broking, mutual funds, venture capital, housing finance. All the other non-banking financial activities are regulated by the RBI as part of a separate regulatory framework, said Gopinath, who was speaking on the sidelines of Macroeconomic and Financial Stability in Asian Emerging Markets conference in ...

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