PSBs should focus on robust asset-liability & risk management: Sitharaman

Union finance minister Nirmala Sitharaman asked public sector banks (PSBs) to adhere to the regulatory norms and focus on robust asset liability and risk management elements. “Banks should integrate corporate governance policies and ensure prudent liquidity management,” Sitharaman added while Read More …

How effective is your firm’s risk management culture?

When Silicon Valley Bank (SVB) collapsed in March, sparking turmoil in the global banking sector, it left analysts questioning why the US lender’s problems hadn’t been spotted sooner. Several increases in the US Federal Reserve’s base lending rate over the preceding Read More …

Time right for banks to address gaps in governance framework, says RBI Deputy Guv

A top Reserve Bank of India (RBI) official has said the time is right for boards of Indian banks to address gaps in governance frameworks, including ensuring appropriate risk management practices and adhering to acceptable customer and market conduct. RBI Read More …

RBI Governor Asks PSU Banks To Strengthen Governance In Order To Mitigate Risks At Early Stage

Reserve Bank of India Governor Shaktikanta Das on Monday asked public sector banks to further strengthen their governance and risk management with a view to identify and mitigate risks at an early stage. The governor was addressing a Conference for Read More …

Failure of Banks and Financial Institutions: Regulators can only have a roadside view of risks

The adequacy of regulations and efficacy of regulators in preventing the failure of banks and financial institutions (BFIs) has again been under debate after the recent failure of three smaller banks such as the Silicon Valley Bank (SVB), Signature Bank Read More …

Michael Milken says recent crisis is the same mistake banks have been making for decades

Famed investor Michael Milken said  that the current banks crisis stemmed from a classic asset-liability mismatch that has played out miserably time and again in history. “You shouldn’t have borrowed short and lent long… Finance 101,” Milken said on CNBC’s “Last Read More …

How Financial Stability Relates To ESG Disclosure

The impact of climate change in the long run is seen as a financial security risk globally, affecting some $100 trillion of fossil fuel assets. Environmental, social and governance (ESG) is a critical enabler of effective risk management—a primary reason why Read More …