Risk India: Tough regulation needed for 'quality' growth

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Risk India

Tough micro- and macro-prudential regulation is essential to ensure the rapid growth of India's financial services firms doesn't sow the seeds of a future crisis, according to a panel discussion at the Risk India conference in Mumbai today.

Despite a series of regulatory initiatives over the past 18 months, panellists were broadly supportive of regulators' efforts, seeing them as a necessary safeguard in a fast-growing economy.

"Regulation is very much required when firms become larger, as this

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