Get it on Google Play

24th Meeting Of Financial Stability And Development Council (FSDC)

24th Meeting Of Financial Stability And Development Council (FSDC).:

The 24th meeting deliberated on various mandates of the FSDC such as financial stability, financial sector development, inter-regulatory coordination, financial literacy, financial inclusion, and macro prudential supervision of the economy including the functioning of large financial conglomerates.

The council also discussed issues relating to

  • Management of stressed assets,
  • strengthening institutional mechanism for financial stability analysis,
  • framework for resolution of financial institutions and issues related to IBC,
  • data sharing mechanisms of government authorities,
  • internationalisation of the Indian rupee and
  • pension sector related issues.

About Financial Stability and Development Council (FSDC):

  • Financial Stability and Development Council (FSDC) was set up by the Government as the apex level forum in December 2010.
  • The Chairman of the Council is the Union Finance Minister and its members include
    • The heads of financial sector Regulators (RBI, SEBI, PFRDA, IRDA & FMC)
    • Finance Secretary and/or Secretary, Department of Economic Affairs,
    • Secretary, Department of Financial Services, and
    • Chief Economic Adviser.

Leave a Reply

Your email address will not be published. Required fields are marked *