2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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IRDAI
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SEBI
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SIDBI
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Detailed explanation-1: -Accordingly, on April 15, 2021, the Regulations Review Authority (RRA 2.0) 9 was set up by the Reserve Bank of India to review the regulatory prescriptions internally as well as by seeking suggestions from the REs and other stakeholders on their simplification and ease of implementation.
Detailed explanation-2: -Deputy Governor, Shri M. Rajeshwar Rao was appointed as the Regulations Review Authority. The RRA 2.0 was set up for a period of one year starting from May 01, 2021.
Detailed explanation-3: -The Reserve Bank of India has set up a Regulations Review Authority (RRA 2.0) with an objective to reduce the compliance burden on Regulated Entities (REs). RRA had recommended withdrawal of 150 circulars in the first tranche of recommendations vide press release dated November 16, 2021.
Detailed explanation-4: -The Reserve Bank released the 26th issue of the Financial Stability Report (FSR) on the 29th of December 2022. The report indicates the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the financial system.