- FSDC was set up by the Government of India in December 2010.
- It is an apex-level forum.
- It is not a statutory body, established via gazette notification.
- Role in Financial Stability:
- Strengthens and institutionalizes the mechanism for financial stability.
- Enhances inter-regulatory coordination.
- Promotes financial sector development.
- Deals with macro-prudential supervision of the economy.
- Oversees functioning of large financial conglomerates.