‘FSDC must limit itself to coordination’

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.