RBI should improve link between analysis and macro-prudential policy – FSB review
Reserve Bank of India should consider regular financial stability meetings
The Reserve Bank of India (RBI) has broad macro-prudential powers, but should do more to support its financial stability decisions with analysis, according to a peer review published today (August 17) by the Financial Stability Board (FSB).
While "progress has been made" in developing the macro-prudential framework in India, there is still room for improvement, according to the review, chaired by Japan's Masamichi Kono, who also jointly heads the FSB's Asia group.
"Financial stability analysis
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