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Covid-19 challenge: FSDC Sub-Committee members resolve to remain vigilant

April 30, 2021 The virtual meeting was chaired by RBI Governor Shaktikanta Das The members of the Sub-Committee of the Financial Stability and Development Council (FSDC) on Thursday resolved to remain vigilant and proactive to ensure that financial markets and financial institutions continue to be resilient in the face of fresh challenges brought on by the resurgence of the pandemic. The members also discussed their assessment of the scenario emerging from the second wave of the Covid-19 pandemic, RBI said in a statement. The virtual meeting of FSDC’s Sub-Committee was attended by top officials of all financial sector regulators, Secretaries of the Department of Economic Affairs, Department for Financial Services, Department of Revenue, Ministry of Corporate Affairs, Ministry of Electronics and Information Technology, Chief Economic Adviser and top RBI officials.

FSDC sub-committee meets virtually to take stock of Covid-19 situation

The Sub-Committee of the Financial Stability and Development Council (FSDC) met on Thursday in virtual format to have an extensive review of the major developments in the global and domestic economy as well as in various segments of the financial system. It discussed the “scenario emerging from the second wave of the Covid-19 pandemic,” and various inter-regulatory issues and reviewed the activities of various technical groups under its purview. “The members resolved to remain vigilant and proactive to ensure financial markets and financial institutions remained resilient in the face of fresh challenges brought on by the resurgence of the pandemic,” the RBI said in a statement.

RBI Governor Headed FSDC Sub-committee Reviews Developments In Economy

RBI Governor headed FSDC sub-committee reviews developments in economy The Sub-Committee also discussed scope for improvements in insolvency resolution under IBC, utilisation of data with the Central KYC Records Registry and changes in the regulatory framework relating to Alternative Investment Funds (AIFs) set up in the International Financial Services Centre (IFSC), among others. PTI RBI Governor Shaktikanta Das RBI Governor Shaktikanta Das headed Sub-Committee of the FSDC on Wednesday reviewed the major developments in the global and domestic economy as well as financial markets that impact financial stability, the central bank said in a statement. The virtual meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was attended by various regulators, including SEBI and IRDAI.

FSDC sub-committee reviews developments in economy

FSDC sub-committee reviews developments in economy SECTIONS Last Updated: Jan 13, 2021, 07:25 PM IST Share Synopsis It also reviewed the activities of various technical groups under its purview and the functioning of State Level Coordination Committees (SLCCs) in various states and Union Territories. It also reviewed the activities of various technical groups under its purview and the functioning of State Level Coordination Committees (SLCCs) in various states and Union Territories. RBI Governor Shaktikanta Das headed Sub-Committee of the FSDC on Wednesday reviewed the major developments in the global and domestic economy as well as financial markets that impact financial stability, the central bank said in a statement. The virtual meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was attended by various regulators, including Sebi and Irdai.

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