NEW DELHI: Financial regulation carries far greater complexity and consequence than regulatory frameworks in most other sectors, as it not only protects individual customers but also safeguards systemic stability, stated Reserve Bank of India (RBI) Governor Sanjay Malhotra.

Delivering the Second V.K.R.V. Rao Memorial Lecture at the Delhi School of Economics in New Delhi on Thursday, the Governor highlighted that financial regulation plays a critical role in maintaining the health of the overall economy.

He stated, “Financial regulation is more complex and more consequential than regulation in other sectors. It is not merely about protecting individual consumers and promoting efficiency – though these are of paramount importance – but also about safeguarding systemic stability.”

Malhotra

See Full Page