The regulator has high expectations from fintech sector SRO: RBI DG T Rabi Sankar
“Fintechs have not yet created enough of a track record that enables an evaluation of how trustworthy an entity is.
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Tag: SRO
RBI issues framework for fintech sector self-regulation
Mumbai The RBI has issued the final framework for self-regulatory organisations (SRO) in the fintech sector, which indicates that the
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RBI proposes empowered SROs to set and enforce financial standards
Self-Regulatory Organisations (SROs) should have sufficient authority, which is derived from membership agreements, to set ethical, professional and governance standards and enforce
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