As responsible member of committee of supervisors, Reserve Bank along with Government of India and other regulators, such as, SEBI and the Indian CCP have been constantly engaging with regulators in developed and emerging markets to resolve these issues. V.VI  Regulator-market body interactions & consultations  47.
The relation between the regulator and the regulated market participants is very important as both need to work towards the same goal, i.e., safe and sound financial market  BIS central bankers’ speeches  11  for economic development. Hence, it is imperative that there should be effective communication between them.