FSDC panel reviews macro developments

The sub-committee of the Financial Stability and Development Council (FSDC-SC) which met on Thursday reviewed major global and domestic macroeconomic and financial developments. The meeting was chaired by RBI Governor Shaktikanta Das.

"The sub-committee also discussed issues relating to inter-regulatory coordination in the Indian financial sector," the RBI said in a statement.

Members also shared their assessments of potential risks to financial stability and discussed various issues that may have financial stability implications.


The FSDC-SC resolved to continue its focus on improving financial sector resilience through inter-regulatory coordination, while remaining watchful of emerging challenges to the economy and the financial system, including those from global spillovers, cyber hazards and climate change," the statement said.

The meeting was attended by the members of the sub-committee, Securities and Exchange Board of India chairperson Madhabi Puri Buch, Insurance Regulatory and Development Authority of India chairperson Debasish Panda, Pension Fund Regulatory and Development Authority chairperson Deepak Mohanty, among others.