The Reserve Bank of India (RBI) has announced the constitution of the Technical Consultative Committee for Financial Markets (TCCFM) to strengthen engagement with market participants amid rapidly evolving financial markets and infrastructure.
The committee will serve as a platform for discussions on policy and operational matters relating to money markets, government securities, foreign exchange markets, derivatives and related market infrastructure.
The committee will be chaired by the RBI Deputy Governor in charge of the Financial Markets Regulation Department (FMRD) and will include seven external members, including Ananth Narayan, Shamsher Singh, Neeraj Gambhir, Shailendra Jhingan, Aditya Bagree, Nand Kishore and Ridham Desai.
Its key responsibilities will include reviewing market functioning, efficiency, liquidity and resilience, examining trading and settlement infrastructure, assessing emerging risks and evaluating domestic and international financial market developments.
The RBI said the committee will meet at least once every quarter.