It seems the Finance Ministry knew about SEBI’s note to the insurance companies a full week before it happened. Wow. The rest was politics.

And Ajay Shah says Tamal Bandhyopadhyay’s banking sources are awesome. I agree. He also writes very well. Tamal seems to have both the FinMin FSDC paper (“super regulator” powers to fin-min) and the RBI letter to the FinMin to please let the SEBI-IRDA turf-war-ending-ordinance lapse (because it potentially curtails RBI autonomy).

Gautam Chikarmane on regulators needing accountability along with autonomy.

A special thanks to Monika Halan for tweeting all the above links.

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