https://www.taxtmi.com/news?id=28018 Central banks must prioritise financial stability by proactively identifying systemic risks driven by faster digital bank runs, third party technology dependence, cybersecurity threats, and climate risk. A multi-tool approach-combining monetary, regulatory and supervisory instruments, macroprudential policy, lender-of-last-resort functions, inter-agency coordination and disclosure through Financial Stability Reports using stress tests and contagion analysis-supports resilience. Enhanced international cooperation, a risk-focused through-the-cycle supervisory model, and a comprehensive data analytics ecosystem are necessary to strengthen crisis preparedness while balancing resilience and innovation. en-us Wed, 16 Oct 2024 10:51:13 +0530 Wed, 16 Oct 2024 10:51:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=28018 Central banks must prioritise financial stability by proactively identifying systemic risks driven by faster digital bank runs, third party technology dependence, cybersecurity threats, and climate risk. A multi-tool approach-combining monetary, regulatory and supervisory instruments, macroprudential policy, lender-of-last-resort functions, inter-agency coordination and disclosure through Financial Stability Reports using stress tests and contagion analysis-supports resilience. Enhanced international cooperation, a risk-focused through-the-cycle supervisory model, and a comprehensive data analytics ecosystem are necessary to strengthen crisis preparedness while balancing resilience and innovation. News - Wed, 16 Oct 2024 10:51:13 +0530 https://www.taxtmi.com/news?id=28018