Mumbai (Maharashtra) [India], November 11 (ANI): Where governance intent is strong, regulatory gaps and overlaps fade, said Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI), while addressing the Gatekeepers of Governance Summit in Mumbai .

Speaking on the theme ' Regulatory gaps and overlaps: do they exist?', Swaminathan on Friday acknowledged that such challenges persist but emphasised that their impact depends on the strength of governance intent.

"When intent is strong and governance is lived in spirit, overlaps simplify and gaps close. When intent is weak, the reflex is to add more rules and procedures - multiplying work but losing sight of the real risk," he said, according to the copy of speech released by the Central Bank on November 11.

He noted that as b

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