22 results found
The prevailing school of thought on antitrust laws cannot reign in Big Tech. Focus should be given to other forms of anti-competitive behaviour.
Stringent new capital requirements will choke off financing that’s urgently required to build infrastructure in the developing world.
The pace of digital innovation far outstrips regulatory oversight; a drastic change in regulatory considerations is the need of the hour
Big Data, RegTech, and SupTech offer significant opportunities for enhancing systemic financial resilience and improving financial supervision
Strengthening global governance mechanisms and fostering open dialogue among nations are essential to mitigate the risks associated with the weaponisa
The complex risks associated with climate change pose a threat to the global economy. Thus, it is crucial for regulators to proactively manage these r
Regulators around the world must address the faultlines in newer technology-led concepts like crypto that can reshape the global economy
Millions of dollars in cryptocurrency have been stolen, yet remarkably, this issue is still in its infancy. It's crucial to formulate measures now bef
An overview of different parts of the financial system through the lens of reform puts in focus the role of individual regulators and political will i
The FRDI Bill creates a process, with early-warning systems in place to alert regulators and the government about the risk on financial institutions,
As work from home becomes the new normal, regulators around the world have come under pressure to relook at the rules relating to bandwidth, traffic a
Conflicts between central banks and governments are embedded in the evolving discourse of every democracy. The recent discord between the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) is neither the first nor likely to be the last. Institutionally, once a disagreement between the RBI and the MoF crosses the Rubicon, the government has the power to overrule the central bank’s decisions. Moreover, such a structure is not restricte
PRC regulators have eased their crackdown as companies are open to advancing PRC objectives abroad.
Artificial Intelligence (AI) is increasingly proliferating the healthcare landscape and has immense promise for improving health outcomes in a resource-constrained setting like India. With emerging technology still finding its footing in the healthcare industry in the country, there are systemic roadblocks to hurdle before AI can be made transformative up to the last mile of public health. AI also carries immense challenges for India’s mostly t
In August 2019, the Reserve Bank of India (RBI) released its final guidelines for a regulatory sandbox for fintech firms.[1] Technology innovations are disrupting the traditional financial sector, and the RBI’s regulatory sandbox exercise is an attempt to be more agile and absorb some of this disruption. ‘Sandboxes’ give regulators a chance to work with fintech innovators, mitigate potential risks and develop evidence-based policy, while fi
The Ministry of Human Resource Development in late June floated the Higher Education Commission of India (HECI) Bill, 2018, to repeal the seven-decade-old University Grants Commission (UGC) Act, 1956. The HECI, when established, will replace the UGC that has been the bedrock of India’s higher education system. This brief analyses the draft bill and examines its deficiencies. It suggests that the present bill fails to address the shortcomings of
The failure of global finance to create a bridge between savings that earn low returns in the global north and the projects that would create much-needed infrastructure in the global south has caused a crisis that needs the attention of global regulators. Among the multiple causes of this crisis is the stringent regulatory response to the 2008 financial crisis, including new lending norms for banks; the tardy response of institutional investors t
Data is the next big chasm for regulators to cross, with its growing importance in the financial system and the challenges in its management
The Competition Commission of India has treated data protection as a non-price competition parameter and found a compromise on this parameter by the d
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Emerging technology is slowly finding a place in developing countries for its potential to plug gaps in ailing public service systems, such as healthcare. At the same time, cases of bias and discrimination that overlap with the complexity of algorithms have created a trust problem with technology. Promoting transparency in algorithmic decision-making through explainability can be pivotal in addressing the lack of trust with medical artificial int
