Regulators should maintain a constant vigil as ensuring financial sector stability is a shared responsibility of the regulators, said Union finance minister Nirmala Sitharaman held in the 27th meeting of the Financial Stability and Development Council (FSDC).
The G20, an international forum comprising of 20 major economies, focuses on policy discussions and financial stability. The G20 countries, which are the world's largest economies, collectively account for a significant share of the world economy. According to the World Bank data for the
The secretary was interacting with media persons after the Financial Stability and Development Council (FSDC) took place in the capital on Monday that Union Finance Minister Nirmala Sitharaman chaired. The meeting happened for the first time after the announcement of the Budget 2023-24.
Reserve Bank of India (RBI) Governor Shaktikanta Das, Insurance Regulatory and Development Authority of India (IRDAI) Chief Debashish Panda, Securities and Exchange Board of India (SEBI) Chief Madhabi Puri Buch, Pension Fund Regulatory and Development Authority (PFRDA) Chief Deepak Mohanty,
The conference with the theme -- Financial Stability: Framework, Monitoring and Implementation -- is being organised by the College of Supervisors in collaboration with the Centre for Central Banking Studies (CCBS), Bank of England, London.
New Delhi [India], April 14 (ANI/ATK): With robust sales growth and financial stability, Sunil Kant Munjal promoted Hero Realty Pvt. Ltd. (HRPL) has received a huge boost from the key financial fraternity. The real-estate major has become the only real estate group in Delhi NCR to have A+ ra
New Delhi [India], April 3 (ANI/ATK): The decision by President Nayib Bukele to make Bitcoin (BTC) the legal tender in El Salvador was met with scepticism and apprehension five months ago. However, as of March 2023, the country is repaying its debts and regaining financial stability, thanks
Karnataka Chief Minister Basavaraj Bommai said several steps are taken for the financial stability of the Energy Department by checking losses in power generation, transmission, and distribution.
Kristalina Georgieva urged for a strong push for regulation and added, "if regulation fails, if you're slow to do it, then we should not take off the table or banning those assets, because they may create financial stability risk..."
The Indian economy is confronting strong global headwinds but sound macroeconomic fundamentals and healthy financial and non-financial sector balance sheets are providing strength and resilience and financial system stability, said RBI in its Financial Stability Report on Thursday.
During the meeting, major developments in the global and domestic economy as well as in various segments of the financial system were reviewed, a statement from RBI said on Tuesday. It also discussed certain inter-regulatory issues.