At FSDC meet, regulators told to keep a watch on financial sector

Officials stress need to strengthen resolution framework for financial institutions

The Financial Stability and Development Council (FSDC), the apex body of sectoral regulators that is headed by Union Finance Minister Nirmala Sitharaman, on Friday stressed the need to keep a continuous watch on the financial sector’s condition.
 
The apex body also emphasised the need for strengthening institutional mechanism for financial stability analysis and framework for resolution of financial institutions and issues related to insolvency and bankruptcy code.
 
Besides, they also underlined issues concerning banks’ exposure to various sectors and data sharing mechanisms of authorities, internationalisation of Indian rupee and pension sector related issues.
 
The 24th meeting was