Srikrishna panel moots Indian Financial Code Bill

Aiming to reform financial sector regulations for the longer term in keeping with systemic risks involved in financial management, the government-appointed Financial Sector Legislative Reforms Commission (FSLRC) headed by Justice B. N. Srikrishna has proposed an Indian Financial Code Bill to enable creation of a unified financial regulator while limiting the role of the Reserve Bank of India (RBI) to monetary management.

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