FSA: A Failure

Ignored the need for integrating macro policy considerations with supervision. Increasing fees charged to firms FSA regulation is also often regarded as reactive rather than proactive. Failure to Prevent white Collar Crimes. Skill Set of Employees questioned.

Independence of RBIReally???
Diminished role for the RBI:
No say in the non-bank financial sector The government securities market The foreign exchange market

Other Critics
The Commission has over stepped its mandate. Regulatory Monopoly. Lack of required skill sets for such an organization. A financial redressal authority that will be like a parallel court structure available in every district for consumer complaints Unrealistic