Latest News
-
Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY -
Sebi to Enhance Price Discovery for Firms Trading Below Book Value -
Hindustan Zinc to Persist in Demerger Discussions with Government, Says CEO -
8 Tata Group Stocks To Buy That Will Pay Dividends Soon, Q4 In Focus; Are You Invested? -
Gold Prices In US: Yellow Metal Rates Surge Amid Escalating Tensions In Middle East; Hit Record High -
Jio Financial Services Sees 80% YoY Decline In Q4 Net Profit, Net Interest Income Dives 70% -
Rs 25/Share Dividend Payout: Multibagger Small Cap Tata Stock Declares 52.6% Jump In Q4 PAT -
Wipro Q4 Results: Cons PAT Up 5% QoQ To Rs 2,834.6 Crore, Revenue Guidance Weaker Than Estimates -
How To Apply Your Voter ID Card Online: Quick Guide For Indian Citizens -
Emmforce Autotech IPO Debut April 23: Issue Size, Price Band, Check Details?
RBI Signs MoU With Financial Services Authority (FSA) Of The UK
The Reserve Bank of India on Wednesday said that it has signed separate Memoranda of Understanding (MoUs) on "Supervisory Cooperation and Exchange of Supervisory Information" with Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), United Kingdom.
"The Reserve Bank of India had entered into an MoU for Supervisory Co-operation with the Financial Services Authority (FSA) of the UK in July 2012. Subsequently, as part of comprehensive reforms implemented in UK financial services regulation, the functions exercised by FSA were transferred to PRA, FCA and Bank of England. The transfer of functions from FSA to PRA and FCA necessitated signing of separate MoUs for Supervisory Co-operation between the Reserve Bank and the PRA and FCA", the RBI said.
The MoU with FCA was signed by Mr. John Griffith Jones, Chairman on behalf of FCA and Shri S. S. Mundra, Deputy Governor on behalf of the Reserve Bank of India.
With this, the Reserve Bank has entered into Memorandam of Understanding/Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of 33 countries to promote greater co-operation and share supervisory information.
Goodreturns.in
