Top bankers, regulators & legal experts to assist Sri Krishna in FSLRC

NEW DELHI: An eclectic mix of bankers, former financial regulators and legal experts have been named members of the Financial Sector Legislative Reforms Commission, or FSLRC, to be chaired by Justice Sri Krishna.

D Swarup, former pension regulator, P J Nayak, former Chairman Axis Bank; K J Udeshi, former deputy governor RBI, C Achuthan, legal expert and part-time member of the law commission; J R Verma, former member Securities and Exchange Board of India and Justice Debi Prasad Pal feature have been appointed as members of the FSLRC to re-write and clean up financial sector laws of the country.

The mandate of the Commission would be wide and may include a review of the pay scales in RBI, PFRDA, IRDA and SEBI, said a government official privy to the development.