https://www.taxtmi.com/news?id=24633 Reserve Bank supervisory policy prioritises strengthening governance, risk management and supervisory capacity to protect depositors and maintain financial stability. It mandates separation of ownership and management, board composition and fit and proper standards, and introduces a unified Department of Supervision, College of Supervisors, a Supervisory Action Framework, specialised divisions for KYC/AML, data analytics and cyber security, upgraded data systems with AI/ML for early warning and stress testing, and revised guidance on internal audits, compliance functions and cyber risk controls. en-us Wed, 03 Nov 2021 15:07:27 +0530 Wed, 03 Nov 2021 15:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24633 Reserve Bank supervisory policy prioritises strengthening governance, risk management and supervisory capacity to protect depositors and maintain financial stability. It mandates separation of ownership and management, board composition and fit and proper standards, and introduces a unified Department of Supervision, College of Supervisors, a Supervisory Action Framework, specialised divisions for KYC/AML, data analytics and cyber security, upgraded data systems with AI/ML for early warning and stress testing, and revised guidance on internal audits, compliance functions and cyber risk controls. News - Wed, 03 Nov 2021 15:07:27 +0530 https://www.taxtmi.com/news?id=24633