The Regulator. Somebody is supposed to be watching.
Front
The Regulator
Somebody is supposed to be watching
The bodies that police an industry on the public's behalf.
Back
Industries that can hurt people quietly get a watchdog with legal powers. In India, RBI watches banks, SEBI watches markets, IRDAI watches insurance, TRAI watches telecom, FSSAI watches food, and CDSCO watches medicine. Knowing which one covers your problem is often the difference between being ignored and being answered.
- Regulators publish their rules, their licences, and their penalties. Checking whether a company is actually licensed takes a minute and prevents most investment scams.
- A regulator can be captured by the industry it watches. That is why the credible ones publish their reasoning and can be challenged in court.
Standard regulatory theory
Keep exploring
Because you read The Regulator.
The Audit
Marking your own homework does not count
An independent check that the numbers say what they claim to say.
The Quality Mark
What the stamp on the box promises
The certification marks on Indian products, and what each one covers.
The Complaint Ladder
Every industry has somebody above it
The order of escalation when a company will not fix its own mistake.