The Indian financial system is well-protected and regulated, according to Ajay Seth, the Economic Affairs Secretary. The statement came after the meeting of the Financial Stability and Development Council, headed by Finance Minister Nirmala Sitharaman. Early warning indicators are used to monitor and deal with potential stresses in the system. The meeting discussed a seamless experience for potential investors in the Government Securities (G-Sec) market, the burden of compliance for regulated entities, debt levels, and simplification of the KYC framework. The meeting was attended by various officials, including the RBI Governor and regulatory authority chief chairpersons.