<h1>Prudent risk management: recalibrate liquidity, governance and disclosures to secure stability amid platformised, embedded banking.</h1> The address mandates prudent risk management anchored in provisioning, regulatory capital and liquidity, early vulnerability identification, supervisory health checks and time bound corrective plans, underpinned by five foundational elements: strong governance, sound regulation, adequate capital and liquidity, robust supervisory practices, and effective crisis resolution. It warns that platformisation, Banking as a Service, embedded finance and AI driven hyper personalisation will reshape intermediation and balance sheet composition, requiring recalibration of liquidity and market risk frameworks, enhanced disclosures and governance, strengthened self regulation, upgraded cyber security, and improved empathetic grievance redressal to protect consumers.