FSDC sub-committee discusses developing stressed assets markets

The sub-committee of the Financial Stability and Development Council (FSDC), comprising heads of all regulators, met at the Reserve Bank of India (RBI) on Friday and discussed measures to promote interest and competition in stressed asset markets.
 
The sub-committee meeting, which was chaired by RBI Governor Shaktikanta Das, also discussed about measures to strengthen the systems against frauds, a statement by the central bank said.
 
The sub-committee also discussed how to enhance the scope of legal entity identifier to more effectively monitor group exposures, issues relating to credit rating agencies, and audit quality, as well as deliberating on