The sub-committee of the Financial Stability Development Council today discussed information sharing arrangements among financial regulators at its first meeting here.
“The sub-committee reviewed the developments in the macro-economy and the financial markets,” an official statement said.
Besides top finance ministry and RBI officials, including finance secretary Sushma Nath and RBI governor D. Subbarao, the meeting was attended by the chiefs of Sebi, the PFRDA (Pension Fund Regulatory and Development Authority) and the Insurance Regulatory and Development Authority. The meeting deliberated on issues related to “information sharing arrangement among regulators for systemic risk assessment”.
Senior officials took note of regulatory issues relating to wealth management, private banking undertaken by banks and financial stability issues that were of particular relevance to emerging market economies. The officials also discussed existing arrangements for the supervision of financial conglomerates.
Source: http://www.telegraphindia.com
“The sub-committee reviewed the developments in the macro-economy and the financial markets,” an official statement said.
Besides top finance ministry and RBI officials, including finance secretary Sushma Nath and RBI governor D. Subbarao, the meeting was attended by the chiefs of Sebi, the PFRDA (Pension Fund Regulatory and Development Authority) and the Insurance Regulatory and Development Authority. The meeting deliberated on issues related to “information sharing arrangement among regulators for systemic risk assessment”.
Senior officials took note of regulatory issues relating to wealth management, private banking undertaken by banks and financial stability issues that were of particular relevance to emerging market economies. The officials also discussed existing arrangements for the supervision of financial conglomerates.
Source: http://www.telegraphindia.com
No comments:
Post a Comment