RBI Sets Up Technical Consultative Committee for Financial Markets

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Key takeaways

The Reserve Bank of India (RBI) formed the Technical Consultative Committee for Financial Markets (TCCFM) to solve operational and regulatory issues in financial markets.
RBI Deputy Governor Rohit Jain chairs this 8-member committee, which includes 7 external experts from banks and securities markets.
The committee monitors key sectors including money markets, government securities, and foreign exchange markets.
Its main focus is strengthening market infrastructure, improving liquidity, and identifying emerging financial risks.

The Reserve Bank of India (RBI) formed a new body called the Technical Consultative Committee for Financial Markets (TCCFM).
This committee aims to improve discussion with market experts on regulatory, operational, and policy matters in India's financial markets.

RBI Deputy Governor Rohit Jain, who heads the Financial Markets Regulation Department (FMRD), serves as the chairperson.
The committee consists of 8 members, including the RBI Deputy Governor and 7 external members from banks, research groups, and financial markets.
It focuses on money markets, government securities markets, foreign exchange markets, and related derivative markets.
It studies trading, clearing, settlement, and reporting systems to make market infrastructure more efficient.
It searches for ways to broaden financial markets, boost liquidity, and make daily market operations smoother.
It tracks local and global market trends, technological innovations, and new financial risks.
It gives market participants a clear platform to report practical problems, rule-related obstacles, and unexpected market issues.
This initiative strengthens market regulation, increases market liquidity, builds strong infrastructure, and helps India manage global financial risks better.