GENERAL KNOWLEDGE

Detailed explanation-1: -Guidelines prepared on functioning of the Financial Stability and Development Council (FSDC), a high-level body set up to sort out inter-regulatory issues, will define the role of the finance ministry and how member regulators’ autonomy is not compromised.

Detailed explanation-2: -Objectives of the Financial Stability and Development Council: To improve and institutionalize the system for preserving macroeconomic and financial stability. To improve inter-regulatory coordination and encourage the growth of the financial sector. It also emphasizes financial inclusion and financial knowledge.

Detailed explanation-3: -Established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Financial Stability Oversight Council provides comprehensive monitoring of the stability of our nation’s financial system. Information on recent or upcoming Council meetings can be found on the Council Meetings page.