The Citibank fraud has been so deep and unique that it has got the Indian regulators think far and beyond. The RBI, SEBI and other regulators have been contemplating to regulate the rapidly growing wealth management industry, but for some reason or the other did not get to it. With the Citi fraud, it was a wakeup call and an alarm so loud that in less than half year from the fraud, you can expect the RBI's proposed guidelines to regulate the Wealth Management Industry.