RBI forms committee to address emerging financial market challenges

New Delhi, Nov. 4 -- The Reserve Bank of India (RBI) has set up a new advisory panel to strengthen its engagement with financial market participants and address emerging challenges in the country's money, government securities and foreign exchange markets.

The Technical Consultative Committee for Financial Markets (TCCFM) will be chaired by RBI Deputy Governor Rohit Jain, who oversees the Financial Markets Regulation Department. The move comes at a time when financial markets and their underlying infrastructure are undergoing significant changes.

The committee will provide a formal platform for the central bank to seek inputs from industry stakeholders on policy decisions, operational challenges and developments across financial markets. ...