Indian reserve bank deputy emphasises regulatory role

Rakesh Mohan, deputy governor of the Reserve Bank of India, has stressed the importance of central banks’ role in financial regulation.

In a speech given last week, Mohan said: “As we observed the severe costs of financial instability elsewhere, financial stability has ascended the hierarchy of monetary policy objectives since the second half of the 1990s. Accordingly, we believe that regulation, supervision and development of the financial system remain within the legitimate ambit of monetary policy, broadly interpreted.”

Mohan considers the central bank’s regulatory work to have aided India’s recent run of strong economic

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here