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Financial Stability Secretariat
The Financial Stability Committee (FSC) is supported by a Financial Stability Secretariat (FSS) which meets every quarter. The Secretariat replaced the former Financial Stability Support Committee, and its responsibilities are as follows:
- Prepare the agenda of the FSC meetings;
- Prepare documents for the FSC meetings, including forward-looking financial system stability assessments, stress testing reports and an evaluation of macro-prudential indicators;
- Recommend financial stability and macro-prudential policy alternatives for consideration by the FSC, and
- Prepare the annual Financial Stability Report to promote better public understanding of financial stability and effective communication with the financial sector, public and investors in general.
The members of the FSS are drawn from relevant departments in the Central Bank that have a role in the management of the financial system.