Resolving failure of financial firms: The FRDI Bill explained

Published: 12/10/2017
Resolving failure of financial firms: The FRDI Bill explained
Source: WWW.PRSINDIA.ORG

The Financial and Deposit Insurance Bill, 2017 was introduced in Parliament during Monsoon Session 2017.[1]   The Bill proposes to create a framework for monitoring financial firms such as banks, insurance companies, and stock exchanges; pre-empt risk to their financial position; and resolve them if they fail to honour their obligations (such as repaying depositors).  To […]

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