are worth serious consideration; and  ix. As regards distressed banks in private sector, Nayak Committee has also recommended that private equity funds, including sovereign wealth funds be permitted to take a controlling stake of 40 percent. Asset quality 13.
Today, the GFSN includes international reserves, bilateral swap lines, regional financing arrangements, IMF resources and market-based instruments. While the size of the GFSN is larger than it was before the global financial crisis, the adequacy and coverage of the GFSN as well as its capacity to handle future economic and financial crises continues to be debated.