Supervision amidst Emerging Risks (Opening remarks by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - November 22, 2024 - at the High-level Policy Conference of Central Banks from the Global South held in Mumbai) https://www.taxtmi.com/news?id=28154 Supervision must become a risk-focused, forward-looking function that anticipates and mitigates emerging technological, climate and systemic risks by maintaining continuous assessment of banks' risk profiles, implementing a calibrated supervisory approach that targets high-risk institutions, and operating off-site surveillance to detect vulnerabilities. A clear framework for early intervention and orderly resolution of non-viable banks is essential, supported by enhanced supervisory capacity, a stronger risk and compliance culture, and a robust data analytics ecosystem. en-us Thu, 28 Nov 2024 10:55:31 +0530 Thu, 28 Nov 2024 10:55:31 +0530 TaxTMI RSS Generator Supervision amidst Emerging Risks (Opening remarks by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - November 22, 2024 - at the High-level Policy Conference of Central Banks from the Global South held in Mumbai) https://www.taxtmi.com/news?id=28154 Supervision must become a risk-focused, forward-looking function that anticipates and mitigates emerging technological, climate and systemic risks by maintaining continuous assessment of banks' risk profiles, implementing a calibrated supervisory approach that targets high-risk institutions, and operating off-site surveillance to detect vulnerabilities. A clear framework for early intervention and orderly resolution of non-viable banks is essential, supported by enhanced supervisory capacity, a stronger risk and compliance culture, and a robust data analytics ecosystem. News - Thu, 28 Nov 2024 10:55:31 +0530 https://www.taxtmi.com/news?id=28154