Last month, during the monetary policy announcement, the Reserve Bank of India (RBI) Governor Shaktikanta Das indicated that the RBI would issue an Omnibus framework for Self Regulatory Organizations or SROs. But what exactly are SROs? And how can they change the way Fintech is regulated in India? To understand this and more we spoke with Shivashish Chatterjee, Co-founder DMI Finance and Jatinder Handoo, CEO , Digital Lenders Association of India. We spoke with them about:
⚖️ What is a SRO and why do we need one?
🌏 Global examples of SROs
📒 Expectations from the Omnibus framework
⚙️ Can SROs really work?
🚩 Challenges to adoption
Timeline
00:00 Start
00:45 Introduction
02:43 What is a SRO?
04:40 Why do we need a SRO?
10:11 Expectations from the Omnibus framework
25:32 Global examples of SROs
30:16 Can SROs really work?
34:54 Challenges to adoption