Self-regulatory bodies must help boost compliance, not just lobby: RBI

The Reserve Bank of India (RBI) has called on all self-regulatory organizations (SROs) from various sectors to focus on ensuring better compliance, safeguarding stakeholders' interests, and identifying early warning signals. The central bank outlined common objectives, functions, eligibility criteria, and governance standards for all SROs, emphasizing their role as allies in regulatory compliance, sector development, stakeholder protection, innovation, and early warning detection.

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