There is closer co-ordination with other Regulators and Supervisors through formal MoUs and ongoing dialogue through informal/formal channels and Supervisory Colleges, underscoring our appreciation of the need for close and co-ordinated supervision of large systemically important banks. 8  BIS central bankers’ speeches  IV. Indian Scenario – regulatory framework in India / exchange control environment  51.
The right to privacy requires that customers’ personal information should be kept confidential unless they have offered specific consent to the financial services provider or such information is required to be provided under the law or it is provided for a mandated business purpose.