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A large number of recommendations of the Financial Sector Legislative Reforms Commission (FSLRC) will be implemented in the days to come, according to Finance Minister Arun Jaitley.
“We will soon have a changed regulatory mechanism where we will allow the market to decide, but then somebody else has to step in to keep a keen eye on the market, to do the rule making, to settle disputes in the sector, to take care of consumer interest, and to prevent any form of aberration.
“I have not the least doubt that a large number of recommendations of the FSLRC will actually be implemented in the days to come,” he said at a seminar on Indian Financial Code.
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