ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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How Much Transparency?

A financial regulatory system, based on proper disclosure of information to the public, not only contributes to democratic accountability, but also enhances the trust of end users in the market. However, in cases where the regulators have confidential information about the entities under them, releasing such information in the public domain can be a complicated issue. Should all the information held by the regulator be released to the public? Or should such information be provided selectively? This article explores the Reserve Bank of India’s accountability and disclosures to the public in the light of these questions and the Supreme Court’s “RTI judgment.”
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