# FSDC urges vigilance against financial risks from AI boom and geopolitical uncertainty

> India's financial stability council calls for urgent action on AI risks and global financial threats.
- Title: FSDC urges vigilance against financial risks from AI boom and…
- Summary: India's financial stability council calls for urgent action on AI risks and global financial threats. India's Financial Stability and Development Council…
- Keywords: fsdc, financial stability, geopolitical uncertainty, ai boom, global bond yields, unclaimed financial assets, fintech innovation, tokenization, cyber resilience, financial sector reforms, news, india
- Source: mint — https://livemint.com/news/fsdc-calls-for-vigilance-against-financial-risks-from-geopolitical-uncertainty-ai-boom-11792767775092.html
- Author: Harsh Kumar
- Published: 2026-10-23T17:58:58+00:00
- Read time: 1 min
- Topics: fsdc, financial stability, geopolitical uncertainty, ai boom, global bond yields, unclaimed financial assets, fintech innovation, tokenization, cyber resilience, financial sector reforms, news, india
## FSDC meeting highlights
Financial Stability and Development Council held 30th meeting chaired by Finance Minister Nirmala Sitharaman.

> The council stressed the need for heightened vigilance and proactive measures to mitigate potential risks while ensuring the resilience of the financial system
## Geopolitical and AI risks
Sitharaman urged more frequent FSDC meetings amid rising geopolitical headwinds and AI boom.

> Citing rising 'geopolitical headwinds and global uncertainty', Sitharaman urged the council to hold meetings at more frequent intervals with a predefined schedule
## Unclaimed assets refunds
Sitharaman urged regulators to expedite refunds of unclaimed financial assets to rightful owners.

> Sitharaman urged regulators and other stakeholders to expedite refunds of unclaimed financial assets to their rightful owners
## Cybersecurity strategy
Council noted Financial Sector Cyber Security Strategy for strengthening financial sector resilience.

> The council took note of the Financial Sector Cyber Security Strategy (FSCSS) formulated by an inter-ministerial group comprising financial sector regulators and cybersecurity agencies
## Fintech and tokenization
Council discussed promoting fintech innovation and exploring tokenization of financial assets.

> The council also discussed measures to promote fintech innovation, explore tokenization of financial and other real-world assets
## Financial sector reforms
Council prioritized deepening financial sector reforms and reducing intermediation costs.

> The council also deliberated on implementing earlier decisions and budget announcements, including measures to strengthen the domestic investment ecosystem
## Next steps for financial stability
Council aims to ensure timely refunds for unclaimed assets and strengthen cyber resilience.

> The council asked ministries and regulators to pursue additional measures to ensure timely refunds to rightful owners
## Key takeaway

India's Financial Stability and Development Council urges regulators to act quickly on financial risks from AI growth and geopolitical tensions.