Rajan tells regulators: do not be afraid of innovation

Rajan gives final speech to regulators

In a departing message to regulators, governor of the Reserve Bank of India (RBI), Raghuram Rajan asked regulators to not ban innovation just because it makes them feel safer.

Speaking in Mumbai on August 26, Rajan – who is due to leave the RBI on September 4 – said that although innovation can sometimes be seen in a "bleak light", it was important to recognise that it can also "slice and dice risks", so they are placed "on the right shoulders".

Regulators cannot "simply ban" all innovation just

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: