<h1>RBI Deputy Governor Advocates for Proactive Supervision to Tackle Emerging Financial Risks and Enhance Global Collaboration.</h1> The Deputy Governor of the Reserve Bank of India addressed the evolving nature of financial supervision amidst emerging risks at a conference in Mumbai. He emphasized the need for proactive, forward-looking supervision to address technological vulnerabilities, climate change, geopolitical uncertainties, and market volatility. The RBI has repositioned its supervisory framework to focus on early risk identification and intervention, adopting a Calibrated Supervisory Approach for high-risk entities. Initiatives like the College of Supervisors aim to enhance supervisory skills and foster a robust risk and compliance culture. The RBI plans to collaborate with central banks of the Global South to establish a global risk-focused supervision model.