A further key regulatory consideration is to support initiatives that could assist in easing frictional costs, within the system and the economy, and to respond to the need for all interbank payments to be processed and finalised in near real-time. Cybersecurity There is no doubt that cyber-threats have increased substantially over the past few years.
The issues relating to cross-border supervision of financial intermediaries in the context of greater capital flows are just emerging and these need to be addressed. In the context of ongoing reforms in the financial sector in India, the regulatory regime has also undergone certain fundamental changes. New regulators like those for the insurance sector and capital markets have been created.