https://www.taxtmi.com/news?id=27547 The address advocates embedding resilience through strengthened regulatory and supervisory architecture, highlighting governance requirements-independent boards and senior assurance functions-and ethical compliance. It urges vigilance over business model vulnerabilities and promotes advanced technologies for predictive risk detection and fraud control, while managing third party vendor risk via due diligence and monitoring. The Reserve Bank commits to regulatory review, restructuring across entity types, promotion of self regulatory organisations, and a shift to thematic and activity based supervision supported by a unified supervision department. A Through the Cycle Risk Assessment Framework with horizon scanning and customer centricity is proposed. en-us Thu, 20 Jun 2024 17:53:34 +0530 Thu, 20 Jun 2024 17:53:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27547 The address advocates embedding resilience through strengthened regulatory and supervisory architecture, highlighting governance requirements-independent boards and senior assurance functions-and ethical compliance. It urges vigilance over business model vulnerabilities and promotes advanced technologies for predictive risk detection and fraud control, while managing third party vendor risk via due diligence and monitoring. The Reserve Bank commits to regulatory review, restructuring across entity types, promotion of self regulatory organisations, and a shift to thematic and activity based supervision supported by a unified supervision department. A Through the Cycle Risk Assessment Framework with horizon scanning and customer centricity is proposed. News - Thu, 20 Jun 2024 17:53:34 +0530 https://www.taxtmi.com/news?id=27547