The Government of India, Ministry of Finance (MoF), constituted the Financial Sector Legislative Reforms Commission (FSLRC) in March 2011. The Commission was set up with an objective of reviewing the legal and institutional structures of the financial sector in India and reorganizing it to meet the modern-day requirements of the sector. According to the Commission, the current regulatory architecture is fragmented and is full of regulatory gaps, overlaps and inconsistencies.
You can download the entire research paper from the link Below.
Author: Prof. Chetana Asbe