RBI Guv headed FSDC reviews overall macroeconomic, financial developments

Reserve Bank Governor Shaktikanta Das headed the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Thursday reviewed global and domestic macroeconomic and financial developments.

It also reviewed issues relating to inter-regulatory coordination in the Indian financial sector, the RBI said in a statement after the 31st meeting of the FSDC Sub-Committee.

"Members shared their assessments of potential risks to financial stability and discussed various issues that may have financial stability implications," it said.

The Sub-Committee also reviewed the activities of various technical groups under its purview and the functioning of State-level Coordination Committees (SLCCs) in states/Union territories (UTs).

It 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 hazard