Similarly, another committee, the Financial Sector Surveillance Committee (FSSC) also meets every fortnight to review developments in the financial sector with a view to taking appropriate regulatory/supervisory action that will ensure the stability and soundness of the system.
Moreover, in order to enhance regulatory effectiveness and stability of the financial sector, the Financial Services Regulation and Coordinating Committee (FSRCC), meets to coordinate activities of the various regulatory institutions in the sector. The CBN Governor acts as the chairman, while other members include chief executives of the Securities and Exchange Commission, Insurance Commission, Corporate Affairs Commission and the Federal Ministry of Finance.