‘FSDC must limit itself to coordination’
6 Jun 2013 5:17 AM IST
The Reserve Bank Governor D Subbarao also said that the Financial Stability and Development Council (FSDC) should act only as a coordinator between financial regulators for ensuring financial sector stability.
‘There should be a coordination body such as the FSDC, but the coordination body should be just that--a coordination body which will have more importance during a crisis time -- but in normal times, will be at a low level equilibrium,’ the governor said.
‘There should be a coordination body such as the FSDC, but the coordination body should be just that--a coordination body which will have more importance during a crisis time -- but in normal times, will be at a low level equilibrium,’ the governor said.
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