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India bolsters macroprudential policy framework, regulation of non-banking finance firms

( August 17, 2016, 08:50 GMT | Official Statement) -- A Financial Stability Board has conclued that India has made progress in the reform of its macroprudential policy framework and the regulation and supervision of non-banking finance companies and housing finance companies, although it said work remained to be done, according to a press release. It said New Delhi needed to set out the roles and responsibilities of various bodies, and to strengthen financial stability analysis and to more closely link it to decision-making. It said that improvements were needed when it came to the timeliness and detail of data collection, risk assessments, and regular regulatory reviews. The FSB's press relese is attached....

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