Financial Stability and Development Council (FSDC)

The Financial Stability and Development Council (FSDC), established in 2010 by the Government of India, serves as the apex-level forum aimed at ensuring financial stability, fostering inter-regulatory coordination, and promoting the development of the financial sector.

About the Financial Stability and Development Council (FSDC):

• The FSDC was set up by the Government as the apex-level forum in 2010, with the aimto strengthen and institutionalize the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development.
• It is not a statutory body.
• The Chairman of the Council is the Union Finance Minister
• Its members include the heads of financial sector Regulators– RBI (Reserve Bank of India), SEBI (Securities and Exchange Board of India), PFRDA (Pension Fund Regulatory and Development Authority), IRDA (Insurance Regulatory and Development Authority of India) etc.
• It monitors macro prudential supervision of the economy, including functioning of large financial conglomerates, and addresses inter-regulatory coordination and financial sector development issues.
• It also focuses on financial literacy and financial inclusion.

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