A permanent review mechanism for old regulations will institutionalise regulatory agility, they said.The RRC set up last week as part of the department of regulations will ensure central bank rules are reviewed every five to seven years. More importantly, the Until now, regulations were largely updated through circulars. The RRC will ensure that they are reviewed more thoroughly and systematically."Importantly, it will go beyond piecemeal updates to examine the master directions themselves, aligning both t ...