Subbarao emphasises need for broader resolution regimes

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Duvvuri Subbarao, governor of the Reserve Bank of India (RBI), on Monday said there was a growing need to develop an effective resolution regime for non-bank financial institutions.

At the IADI-DICGC International Conference in Jodhpur, India, Subbarao said: "So far, the differences in the regulatory and legal treatment of banks and non-banks have been understandable as their activities were concentrated in different markets. The emergence of large, complex financial institutions and groups that

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