Financial market regulators and senior finance ministry officials met today to review recent developments in markets and discussed issues, including those related to credit rating agencies, an RBI release said today.
The High Level Coordination Committee on Financial Markets comprises RBI Governor D Subbarao, Chief Economic Adviser Kaushik Basu, Finance Secretary Ashok Chawla, Securities and Exchange Board of India head CB Bhave, Insurance Regulatory and Development Authority and other officials of RBI, SEBI and the finance ministry.
“The HLCCFM reviewed the developments in financial markets, and deliberated, among others, on issues relating to the credit rating agencies and other inter-regulatory matters,” the release said.
