Financial Stability and Development Council (FSDC)
The FSDC is India's apex inter-regulatory coordination body for the financial sector. Chaired by the Union Finance Minister, it was set up in December 2010 (non-statutory) to address macro-prudential supervision, financial stability, and inter-regulatory coordination among financial sector regulators. It serves as a platform for resolving inter-regulatory disputes and coordinating responses to systemic risks.
- Established: December 2010 (non-statutory body)
- Chair: Union Finance Minister
- Members: Heads of RBI, SEBI, IRDAI, PFRDA, IBBI, FMC (now merged with SEBI), Finance Secretary, DEA Secretary, DIPAM Secretary, CEA
- FSDC Sub-Committee (chaired by RBI Governor) handles operational coordination and financial stability reviews
- Functions: inter-regulatory coordination, financial literacy and inclusion, macro-prudential supervision
- Does not have statutory backing (unlike UK's Financial Policy Committee or US Financial Stability Oversight Council)
● Tracked since February 13, 2026 · last seen June 30, 2026 · updates as the daily brief publishes
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