Financial watchdogs to soon put time limits for key decisions

"We want them to put time limits on settlement of each kind of regulatory application...It's not a statutory deadline, but it is a target. Regulators can decide the time limit and then publish it," said one of the officials, who did not wish to be identified. The official said there cannot be a situation where a regulator does not decide on an application endlessly.

from Banking/Finance-Industry-Economic Times https://ift.tt/Q6tqj7y