https://www.taxtmi.com/news?id=20540 Preventive, detective and punitive vigilance are institutional tools shaped by an incentives framework: preventive vigilance reduces discretion and opportunity ex ante; detective vigilance identifies (and sometimes corrects) adverse outcomes with a precision q; punitive vigilance reduces private rewards for misconduct by a factor d. Detective and punitive measures are strategic complements, preventive measures are substitutes for detection/punishment, and where outcomes are outside employee control preventive vigilance is dominant. The RBI organises vigilance to prioritise preventive controls, internal governance, transparency, training, procurement safeguards and integrity pacts. en-us Fri, 21 Sep 2018 11:10:19 +0530 Wed, 11 Feb 2026 15:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20540 Preventive, detective and punitive vigilance are institutional tools shaped by an incentives framework: preventive vigilance reduces discretion and opportunity ex ante; detective vigilance identifies (and sometimes corrects) adverse outcomes with a precision q; punitive vigilance reduces private rewards for misconduct by a factor d. Detective and punitive measures are strategic complements, preventive measures are substitutes for detection/punishment, and where outcomes are outside employee control preventive vigilance is dominant. The RBI organises vigilance to prioritise preventive controls, internal governance, transparency, training, procurement safeguards and integrity pacts. News - Fri, 21 Sep 2018 11:10:19 +0530 https://www.taxtmi.com/news?id=20540