2. Who are the members of the FSDC, and what are their individual roles in safeguarding financial stability

• Chairman: The Finance Minister.
• Members:
  • Heads of financial sector Regulators (RBI, SEBI, PFRDA, IRDA).
  • Chairperson of Insolvency and Bankruptcy Board of India (IBBI).
  • Chief Economic Advisor.
  • Secretaries from Ministry of Finance, Ministry of Information Technology, and Ministry of Corporate Affairs.
• Roles: They collectively deal with financial stability, inter-regulatory coordination, and macro-prudential supervision.