write a short note on financial resolution and deposits insurance bill (FRDI)
Answers
Answered by
4
The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) will replace the existing resolution regime by providing a comprehensive resolution regime that will help ensure that, in the rare event of failure of a financial service provider, there is a system of quick, orderly and efficient resolution in ...Jan 2, 2018
Answered by
0
Short note on financial resolution and deposits insurance bill:
- A financial firm's settlement has been described as a particular type of instant bankruptcy, easily and unmercifully destroying certain creditors' rights, while offering others a fresh and happier start, particularly the bank's depositors.
- The FRDI Bill may not be established in Parliament even in the Budget Session, as the joint committee looking into it got an expansion on Monday for submitting its report.
- The national government has the authority to restructure banks in the public sector and regional banks in rural areas. Resolution mechanisms are also quite ineffective for insurance companies, financial market systems, and other suppliers of financial services.
Learn more about FRDI
Financial resolution and deposit insurance (frdi) bill
https://brainly.in/question/7580301
Explain about FRDI bill.
https://brainly.in/question/4910105
Similar questions