Global Economy: FSDC sub-committee reviews global economic situation

A Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Tuesday reviewed the prevailing global macroeconomic situation and resolved to remain vigilant and proactive to ensure financial sector stability. FSDC-SC members include RBI, Sebi and IRDAI.

The meeting of the FSDC-SC was chaired by RBI Governor Shaktikanta Das.

“The Sub-Committee reviewed the major developments in the global and domestic economy as well as in various segments of the financial system. It discussed certain inter-regulatory issues,” the central bank said in a statement.

It also reviewed the activities of various technical groups under its purview and the functioning of State Level Coordination Committees (SLCCs) in various states/UTs.
“The members resolved to remain vigilant and proactive to ensure that financial markets and financial institutions remained resilient amidst the spillovers arising from…

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