Second, there may be scope for simplifying the current regulatory framework, thereby reducing the corresponding regulatory burden on financial institutions.
K C Chakrabarty: Crisis preparedness in interconnected markets – prevention is better than cure Keynote address by Dr K C Chakrabarty, Deputy Governor of the Reserve Bank of India, at the Programme on Crisis Preparedness in Interconnected Markets, jointly held by the Centre for Advanced Financial Research and Learning (CAFRAL) and the Toronto Centre, Canada, Hyderabad, 16 January 2012.