31st Meeting of the FSDC Sub-Committee

Current Context: The 31st meeting of the Financial Stability and Development Council Sub-Committee (FSDC-SC) was held on September 5, 2024, at the Reserve Bank of India in Mumbai. RBI Governor Shaktikanta Das chaired the meeting.

• Key points discussed during the meeting included:
• Global and Domestic Macroeconomic Developments: The committee reviewed major economic trends and their potential impact on financial stability.
• Inter-Regulatory Coordination: Issues related to coordination among various financial regulators in India were assessed.
• Financial Stability Risks: Members shared their assessments of potential risks to financial stability, including global spillovers, cyber hazards, and climate change.
• Technical Groups and SLCCs: The activities of various technical groups and the functioning of State-level Coordination Committees (SLCCs) were reviewed.
• The FSDC-SC emphasized the importance of improving financial sector resilience through inter-regulatory coordination while remaining vigilant about emerging challenges.

Question:

1 Who chaired the 31st meeting of the Financial Stability and Development Council Sub-Committee (FSDC-SC) held on September 5, 2024?

• A) Nirmala Sitharaman
• B) Amit Shah
• C) Shaktikanta Das
• D) Urjit Patel

Answer: C) The 31st FSDC-SC meeting was chaired by RBI Governor Shaktikanta Das, held at the Reserve Bank of India in Mumbai.