The Reserve Bank of India (RBI) has reconstituted the technical advisory committee on money foreign and government securities markets under the chairmanship of RBI deputy governor Rakesh Mohan. The committee will have experts from areas such as banking, academics, government, stock exchanges, credit rating agencies and market representatives. The committee was last reconstituted on February 21, 2004.The new committee includes eminent people like G Anantraman; Naina Lal Kidwai, CEO of HSBC; Arun Kual, general manager, Punjab National Bank; Uday Kotak, managing director and CEO, Kotak Mahindra Bank; AP Kurian, chairman, AMFI; RH Patil, chairman, CCIL; R Ravimohan, managing director and CEO CRISIL.The main aim of committee is to review and recommend measures for deepening and widening the money, foreign exchange and government securities markets and also to examine and advise on the evolving and desirable linkages among the money, foreign exchange and government securities and capital markets.The committee would even review the infrastructure, legal and institutional arrangements for trading, transfer and settlement in the money, foreign exchange and government securities markets in the context of the emerging payments system including CCIL. The committee would also review the qualitative and quantitative aspects of risk management, accounting, disclosure, settlement, legal framework etc.
