Timely resolution: The bill will also decrease the time and cost involved in resolving distressed financial entities.
International practice: In countries such as the UK the financial conduct authority and prudential policy authority are different and that’s the standard practice globally.
Issues And Challenges
Duplication of work and confusion: The working of the resolution corporation will be much like what has been laid out in the IBC, which has been devised for corporate entities. Thus raises the issue of overlapping, duplication of work and creates confusion in mind of stakeholders.
