As you all may have observed, Reserve Bank has followed and will continue to follow a measured approach in the introduction of innovative products through adoption of appropriate risk management framework suitable to our eco-system.
BIS central bankers’ speeches  9  Concluding remarks To summarize, I have briefly described the 7i framework which focusses on the structure and developments of our debt market and the possible future direction to invigorate our debt markets with reference to this framework. We need to realise that development and adoption of new products in emerging market economies is not often easy.