FINANCIAL SECTOR LEGISLATIVE REFORMS AND FINANCIAL STABILTY AND DEVELOPMENT COUNCIL
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Free sample — 8 of 65 rapid-fire Q&A cards.
What is the primary objective of the Financial Sector Legislative Reforms Commission (FSLRC)?
FSLRC was set up to review and rewrite the legal-regulatory architecture of the Indian financial sector, which had grown in an ad-hoc manner over decades, to create a coherent, modern framework.
What year did the Government of India set up the FSLRC?
FSLRC was set up in March 2011.
Who chaired the Financial Sector Legislative Reforms Commission set up in 2011?
Justice B.N. Srikrishna, a retired judge of the Supreme Court of India, chaired the FSLRC.
How many volumes did the FSLRC submit its final report in?
FSLRC submitted its report in two volumes.
In which year was the Financial Sector Legislative Reforms Commission constituted?
The FSLRC was constituted in March 2011 by the Government of India under the Ministry of Finance.
In which year did the FSLRC submit its final report to the Government?
FSLRC submitted its final report in March 2013.
What was the key legislative output recommended by the FSLRC?
The FSLRC recommended a draft Indian Financial Code (IFC), a single unified legislation to replace multiple financial sector laws governing regulation and supervision.
What is the full form of FSDC?
Financial Stability and Development Council.
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