However, in order to fully reap the benefits of the identifier, further steps to broaden its coverage are needed. • New data initiatives have been launched that provide granular information on markets for derivatives with the European Market Infrastructure Regulation (EMIR) or securities holdings (Securities Holdings Database, SHSDB). EMIR aims at enhancing the transparency of over-thecounter derivatives trading.
Regulation must be redesigned to ensure that while extending adequate precaution the poor are not kept within the financial services because of regulatory barriers. Roadmap for providing banking outlets in unbanked villages The Reserve Bank continued efforts to create a conducive and enabling environment for access to financial services to extend door step banking facilities in all the unbanked villages in a phase-wise manner.