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RBI Sets Up Authority to Review Regulations and Compliance Process Moneylife Digital Team  0 The Reserve Bank of India has once again decided to set up a regulations review authority (RRA 2.0) under the leadership of its deputy governor M Rajeshwar Rao to review the RBI’s regulations and compliance procedures. The RRA will have a tenure of one year till 30 April 2022, which can be extended by the RBI.    In a release, the central bank says, “The RRA will also take suggestions from the RBI regulated entities and other stakeholders on the simplification and ease of implementation of these regulations.”   “Considering the developments in regulatory functions of the central bank over the past two decades and evolution of the regulatory perimeter, it is proposed to undertake a similar review of the Reserve Bank’s regulations and compliance procedures with a view to streamlining and rationalising them and making them more effective,” RBI says.

M rajeshwar raoMoneylife digital teamAuthority to review regulationsPreview regulationsCompliance processReserve bankமீ ராஜேஸ்வர் ராவ்விமர்சனம் ஒழுங்குமுறைகள்இணக்கம் ப்ரோஸெஸ்இருப்பு வங்கி