Mechanism to assess impact of regulators soon: Govt



Towards its plans to develop the markets and put in place a sophisticated financial system, Ministry of Finance has decided to bring on board third-party consultants to carry out a study on design and implementation of ‘Regulatory Impact Assessment Module’ for regulators, a senior official said. The study, for which expressions of interest have been sought from individual consultants and consultancy firms within the country and abroad, would also look into how the international experience could be brought to the country’s regulatory mechanism, particularly in the light of the recent financial crisis.

Some EoIs have been received by the Ministry, which would soon finalise the consultants to take forward the process, the official added.

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