Some industry stakeholders have sought clarity on the issue of sharing data with third parties claiming that the committee's report did not include their inputs and a lot of grey areas had gone unaddressed.
The government has recently proposed to amend the Reserve Bank of India (RBI) Act to take away money market regulatory powers from the central bank and bring it under the purview of market regulator Sebi.
Financial Sector Legislative Reforms Commission chairman Justice BN Srikrishna told CNBC-TV18’s economic policy editor Siddharth Zarabi that he will seriously consider the formation of a financial sector super-regulator.
The finance ministry has said that the FSLRC panel meet will be held for the first time on April 5 and it will be headed by Justice BN Srikrishna. FSLRC will review at least 60 finance sector laws during the meet.