rbi speech, 2006-03-10
The plausible reasons for such a responsibility are the major elements contributing to financial stability, namely, the oversight of the financial infrastructure, in particular payments systems; regulation and supervision of financial institutions; crisis management and provision of liquidity; and macro financial stability encompassing monitoring not only the behaviour of all important players in the financial sector but also non-financial sector balance sheets as well as that of the governments.
Sentiment: neutral
Topic: financial_stability