Indian Financial System - Regulators and Their Roles
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.
One-liners from this chapter
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Confidence and trust?
generate, maintain and promote public confidence in the financial system so that savers willingly part with their money.
Investor protection?
protect investors' interests by mandating adequate, accurate and timely disclosure from financial institutions and ensuring access to information.
Fairness and efficiency?
ensure that financial markets are both fair (no manipulation, no insider trading) and efficient (price discovery, liquidity, low transaction costs).
Market discipline?
ensure that the participants measure up to the rules of the marketplace.
Instrument integrity?
ensure that the instruments available (deposits, equities, bonds, MFs, insurance, pension, derivatives) are fair, transparent and suitable for the targeted investor cohort.
Banks, NBFCs, Payment Systems, FX — Regulator / Year (Statute) / Statute?
Regulator: RBI; Year (Statute): 1934 (Act); est. 1935; Statute: RBI Act 1934 + BR Act 1949 + PSS Act 2007 + FEMA 1999
Securities, MFs, FPIs, AIFs, REITs, InvITs — Regulator / Year (Statute) / Statute?
Regulator: SEBI; Year (Statute): Statutory 1992; Statute: SEBI Act 1992
Insurance — Life, GI, Health, Reinsurance — Regulator / Year (Statute) / Statute?
Regulator: IRDAI; Year (Statute): 1999; Statute: IRDA Act 1999
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