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ARTICLE · 13 SEPTEMBER 2024

AKP Banking & Finance Digest - September 09, 2024

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The Sub-Committee of the Financial Stability and Development Council ("FSDC-SC") meeting focused on assessing major global and domestic macroeconomic developments and enhancing inter-regulatory coordination within India's financial sector.

IndiaFinance and Banking
Anuroop Omkar
Anuroop Omkar

1. Regulatory Updates

1.1. India

1.1.1. FSDC sub-committee reviews financial stability and coordination

The Sub-Committee of the Financial Stability and Development Council ("FSDC-SC") meeting focused on assessing major global and domestic macroeconomic developments and enhancing inter-regulatory coordination within India's financial sector. Key discussions covered potential risks to financial stability, including global spillovers, cyber threats, and climate change, while reviewing the activities of various technical groups and State-level Coordination Committees. The FSDC-SC reaffirmed its commitment to strengthening financial sector resilience amidst emerging economic and financial challenges. Senior regulators and officials from key financial and governmental bodies attended the meeting. RBI

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