RBI released the enabling framework for Regulatory Sandbox (RS)
REGULATORY SANDBOX For: Mains Topics covered: What is Regulatory Sandbox? What are its benefits and significances? Risk involved News Flash The Reserve Bank of India released the final ‘enabling framework for a regulatory sandbox,’ taking into account inputs received after a consultation process that began in April. The regulatory sandbox allows live testing of new products or services in a controlled or test regulatory environment. Advantages The framework will be a positive…
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