Reserve Bank of India (RBI) Deputy Governor Swaminathan J has cautioned banks and other financial institutions against weakening internal controls in their pursuit of digital transformation, faster transactions and improved customer convenience. He emphasised that technological advancements, including artificial intelligence Read More …
Tag: Banking News
RBI Deputy Governor Warns Banks Against Diluting Internal Controls Amid Rapid Digitalisation
UK Banking Regulator to Review Impact of Prudential Rules on Economic Growth and Competitiveness
The United Kingdom’s Prudential Regulation Authority (PRA) has announced plans to assess how financial regulations influence investment, capital availability, economic growth and international competitiveness, while maintaining financial stability and operational resilience as its primary supervisory priorities. Katharine Braddick, Chief Executive Read More …