RBI exploring avenues to deepen credit risk market: Deputy Governor M Rajeshwar Rao

The Reserve Bank of India (RBI) is exploring avenues to deepen the credit risk market in the country, one of the deputy governors at the central bank said. The RBI is exploring the feasibility of allowing additional types of securitisations, M Rajeshwar Rao Read More …

Establishing an operational risk framework in banking

Banks continue to evolve and enhance their Comprehensive Capital Analysis and Review (CCAR) operational risk loss estimation process. Now they have a renewed focus on the qualitative aspects of estimation, as well as the leverage of and integration with their Read More …

NatWest Chairman Sir Howard Davies on operational resilience in banking

Sir Howard Davies discusses the ways regulations, interest rates, monetary policy, climate risk, and economic threats are affecting the resilience of the banking system. During this time of great uncertainty—marked by protracted pandemic-related risks, rising geopolitical tensions, expanding cyberthreats, upheavals in Read More …

Sebi comes out with risk management framework for electronic gold receipts

Capital markets regulator Sebi on Monday put in place an elaborate risk management framework for electronic gold receipts. The watchdog has issued a circular pertaining to Electronic Gold Receipts (EGRs) that covers various aspects, including margin collection, provision of early pay-in of funds for EGR, short-collection Read More …

Ways to de-risk climate finance

A domain centric approach could help through global intergovernmental risk mitigation mechanisms In recent climate finance reports, almost all think tanks, development finance and multilateral banks have outlined the need for ‘De risking climate finance’ or ‘leveraging public finance’, or Read More …

Climate change creates financial risks. Investors need to know what those are.

The U.S. Securities and Exchange Commission (SEC) voted recently to move a proposal forward that would require publicly traded companies to disclose the financial risks they face from climate change. These rules aim to bring corporate obligations for the disclosure of climate Read More …

Compliance, risk management, audit weaknesses of banks, says RBI’s MK Jain

The Reserve Bank of India (RBI) has found three weaknesses in entities regulated by it during supervisory exercises in recent years. These are compliance, risk management and internal audit, Deputy Governor MK Jain said in a recent speech. “Failure/delay in detection and Read More …

How will recent risk trends shape the future of GRC

Risk management has never been more critical to organizations. The rate of change is happening faster than ever in our world. The kinds of risks facing organizations evolve daily: third-party, supply chain, regulatory, privacy, operational, cyber, financial, environmental, etc. And Read More …

Fraud Detection in Fintech: How to detect and prevent frauds in the lending industry

In India, technology has transformed financial services and has given rise to a whole new industry, popularly addressed as fintech. This industry has witnessed phenomenal growth in India and across the globe in the past few years. According to Inc42data, between Read More …

Financial fraud involving fraudsters posing as custom officials on the rise

Recently, the customs department has received many complaints about where people have been duped of their money in their officers’ name. The fraudsters have been cheating the general public through social media platforms, impersonating customs officials and promising them to send parcels of various Read More …