A panel of sectoral regulators headed by RBI Governor D Subbarao today discussed setting up an inter-regulatory body to improve supervision on the financial sector. The sub-committee of the Financial Stability Development Council (FSDC) also reviewed the development in the global economic and financial sector scenario, focusing on issues relating to potential systemic risks for India. "The Sub-Committee deliberated on a proposal for setting up an inter-regulatory forum for improved co-operation for effective supervision of Financial Conglomerates," the Reserve Bank said after the meeting..........
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