https://www.taxtmi.com/news?id=26499 The Financial Stability and Development Council directed regulators to ensure financial sector stability through coordinated vigilance and timely mitigation of vulnerabilities, to reduce compliance burden by improving regulatory quality with progress reviews by the Union Finance Minister, to strengthen cybersecurity preparedness of financial information systems, and to conduct a special drive to settle unclaimed deposits and claims across banking, securities, mutual funds and insurance. The Council also reviewed action on Budget announcements and set timelines for implementation of Budget 2023-24 measures. en-us Mon, 08 May 2023 18:34:34 +0530 Mon, 08 May 2023 18:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26499 The Financial Stability and Development Council directed regulators to ensure financial sector stability through coordinated vigilance and timely mitigation of vulnerabilities, to reduce compliance burden by improving regulatory quality with progress reviews by the Union Finance Minister, to strengthen cybersecurity preparedness of financial information systems, and to conduct a special drive to settle unclaimed deposits and claims across banking, securities, mutual funds and insurance. The Council also reviewed action on Budget announcements and set timelines for implementation of Budget 2023-24 measures. News - Mon, 08 May 2023 18:34:34 +0530 https://www.taxtmi.com/news?id=26499