Navigating Emerging Challenges for Deposit Insurers and Fortifying Crisis Preparedness (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - August 13, 2024 - at the International Association of Deposit Insures (IADI) Asia Pacific Regional Committee (APRC) International Conference hosted by Deposit Insurance and Credit Guarantee Corporation (DICGC) at Jaipur) https://www.taxtmi.com/news?id=27785 Deposit insurers must adapt mandates, operational frameworks and contingency arrangements to address risks from financial digitalisation, CBDCs, instant payment systems and tokenised deposits; they should evaluate how design choices affect depositor behaviour, run dynamics, claim verification, fund sizing and payout modalities. Climate change creates physical and transition risks that complicate modelling and resolution costs, prompting consideration of climate risk based premiums, climate stress testing of funds and sustainable fund management. Enhanced crisis preparedness requires coordinated safety net planning, pre arranged liquidity arrangements, interim payout mechanisms and robust operational continuity and cybersecurity. en-us Tue, 13 Aug 2024 15:27:32 +0530 Tue, 13 Aug 2024 15:27:32 +0530 TaxTMI RSS Generator Navigating Emerging Challenges for Deposit Insurers and Fortifying Crisis Preparedness (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - August 13, 2024 - at the International Association of Deposit Insures (IADI) Asia Pacific Regional Committee (APRC) International Conference hosted by Deposit Insurance and Credit Guarantee Corporation (DICGC) at Jaipur) https://www.taxtmi.com/news?id=27785 Deposit insurers must adapt mandates, operational frameworks and contingency arrangements to address risks from financial digitalisation, CBDCs, instant payment systems and tokenised deposits; they should evaluate how design choices affect depositor behaviour, run dynamics, claim verification, fund sizing and payout modalities. Climate change creates physical and transition risks that complicate modelling and resolution costs, prompting consideration of climate risk based premiums, climate stress testing of funds and sustainable fund management. Enhanced crisis preparedness requires coordinated safety net planning, pre arranged liquidity arrangements, interim payout mechanisms and robust operational continuity and cybersecurity. News - Tue, 13 Aug 2024 15:27:32 +0530 https://www.taxtmi.com/news?id=27785