What does FSDC stand for?
The Financial Stability and Development Council (FSDC) was constituted by an Executive Order of the Union Government as a non-statutory apex body under the Ministry of Finance in 2010. The Raghuram Rajan Committee (2008) on financial sector reforms first proposed the creation of FSDC.
Who is FSDC chairman?
Nirmala Sitharaman chaired the 24th meeting of the Financial Stability and Development Council (FSDC) on September 03, 2021.
Who are the members of FSDC?
The Chairman of the Council is the Finance Minister and its members include the heads of financial sector Regulators (RBI, SEBI, PFRDA, IRDA & FMC) Finance Secretary and/or Secretary, Department of Economic Affairs, Secretary, Department of Financial Services, and Chief Economic Adviser.
What are the functions of Fsdc?
Functions: To strengthen and institutionalize the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development. To monitor macro-prudential supervision of the economy. It assesses the functioning of the large financial conglomerates.
Is Fsdc an organ of Niti Aayog?
It is an organ of NITI Aayog. It is headed by the Union Finance Minister. It monitors macroprudential supervision of the economy.
What is FSDC sub committee?
A meeting of the Financial Stability and Development Council (FSDC) Sub Committee (FSDC-SC) was held today (January 13, 2022) in virtual format. Shri Shaktikanta Das, Governor, Reserve Bank of India, chaired the meeting.
Is FSDC an organ of Niti Aayog?
What is Fsdc sub committee?
Is Fsdc organ of NITI Aayog?
It is an organ of NITI Aayog.
Is NITI Aayog Chairman part of Fsdc?
The Financial Stability and Development Council (FSDC) was set up by the Government as the apex level forum in December 2010. It was set up much before NITI Aayog was even setup. So, Statement 1 is not correct. The Chairman of the council is the finance minister.
Who heads financial stability?
Klaas Knot
Financial Stability Board
| Abbreviation | FSB |
|---|---|
| Headquarters | Basel, Switzerland |
| Chair | Klaas Knot |
| Secretary General | Dietrich Domanski |
| Affiliations | Bank for International Settlements G20 |
Who is the revenue minister of India?
Who’s Who
| Name | Designation | Room No |
|---|---|---|
| SMT. NIRMALA SITHARAMAN | Finance Minister | 134,NB |
| SHRI S.S NAKUL | PS TO FM | 136 A |
| SHRI VIVEK SINGH | OSD TO FM | 137 NB |
| SHRI B.N.BHASKAR | ADDL. PS TO FM | 135 NB |
Is the FSB a regulator?
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system….Financial Stability Board.
| Abbreviation | FSB |
|---|---|
| Formation | April 2009 |
| Type | Verein |
| Headquarters | Basel, Switzerland |
| Chair | Klaas Knot |
What is an FSB in banking?
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system.
What is FSB report?
This report describes progress over the past year and planned work by the FSB, as well as by standard-setting bodies and other international organisations, to enhance the resilience of non-bank financial intermediation.