  In the forex derivative segment, there were several cases of mis-selling despite detailed guidelines on suitability and appropriateness. These guidelines have been further modified recently in the light of experience gained. One of the important new regulations is that banks including foreign banks cannot deal with any derivative product which they cannot price independently (locally in the case of foreign banks).
  The issue of wealth management practices came to the fore in the light of a major fraud. We are currently studying the wealth management practices in the banking system as well as in the international jurisdictions. The main challenge is to put in place a set of regulations from the perspective of suitability and appropriateness.