Most members of G20 countries who participated in a discussion on financial stability risks at the concluding day of the third G20 Framework Working Group (FWG) meeting here expressed confidence that their individual country regulations and banking systems were sound, according to V. Anantha Nageswaran, Chief Economic Advisor.
“They do not anticipate any trouble. That was the sentiment that came up quite clearly in this afternoon’s discussion on financial stability,” he told media persons on Wednesday in response to a query on whether the FWG had discussed the reverberations of the US banking fallout.
He said that the FWG was looking into trade-offs encountered by countries in dealing with food and energy insecurity amid the limited policy room while formulating policy response.
