Drawing upon the lessons from imprudent securitization of mortgages which contributed to a larger extent to the recent global financial crisis, Reserve Bank of India is reviewing the regulatory framework for securitization in India. It is expected that the market for residential mortgage backed securities (RMBS) will develop on safe and sound lines under the new regulatory framework.
Grant Spencer: The impact of the global financial crisis on financial policy Summary of remarks by Mr Grant Spencer, Deputy Governor of the Reserve Bank of New Zealand, at the Symposium on Financial Sector Governance, Auckland, 20 September 2010. *  *  *  In this presentation, I would like to discuss New Zealand’s financial policy response to the Global Financial Crisis.