India has traditionally followed a hybrid form of regulation that combines Activity and Entity Based regulation. As a principle, the RBI 6  has been applying comprehensive regulatory, supervisory and oversight requirements to various segments of financial sector in its domain to create an enabling ecosystem for such activities to grow in an orderly fashion.
The underlying theme has always been to maintain financial stability. Going forward, the RBI will continue to finetune its regulatory and supervisory measures keeping in mind the evolving dynamics of the financial sector. Does Regulation require collaboration with different Regulators? 18. When it comes to technology, it may transcend regulatory or national boundaries.