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 …
Tag: Banking Risk Management
RBI Governor Asks PSU Banks To Strengthen Governance In Order To Mitigate Risks At Early Stage
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 …
The Fed Weighs In On The Silicon Valley Bank Demise
The Federal Reserve Bank’s April 28 Report on the Supervision and Regulation of Silicon Valley Bank is an important resource for corporate boards on the management and oversight of enterprise risk. While much of the Report focuses on the failure Read More …
Michael Milken says recent crisis is the same mistake banks have been making for decades
Famed investor Michael Milken said Tuesday that the current banking 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 Read More …
Bank Failures Train Spotlight on Shortcomings in Risk Management
As banks and regulators scurry to respond to the most perilous industry conditions since the 2007-08 financial crisis, experts say one persistent issue needs attention: risk oversight that’s not always up to the job. Board-level risk committees at many banks have neither Read More …
Banks request RBI to extend reporting time frame for loan related fraud
Banks have requested the Reserve Bank of India (RBI) to relax the rules on reporting loan fraud. They told the RBI that the existing norms are too stringent, The Economic Times (ET) reported. The banks have sought a month’s time for reporting loan fraud to the RBI. Read More …
Next level reforms for risk management in banks
The operating environment of banks is fast changing. The key policy documents – Union Budget – 2023-24, Economic Survey 2022-23 and the aspirations set under India@100 during the Amrit Kaal – 2022-47 when seen together with the changing forms of Read More …
Banks and financial powerhouses map out climate risks
Banks and regulators wake up to climate risks For banks, the transformation begins now. Those that fail to navigate the path to a low-carbon economy could be slapped with billions of dollars in fines and settlements, warned Stuart Lewis, group Read More …
Banks Face An Uncertain Regulatory Landscape: Here’s How To Focus On The Most Serious Risks
The regulatory landscape for financial firms is in a state of flux, both in the U.S. and abroad. New anti-money laundering (AML) laws, sweeping new consumer protection requirements and new sanctions in response to Russia’s invasion of Ukraine are only a sampling of the regulatory Read More …
Inclusion of climate change in policy is crucial for a strong economy
As the world copes with the repercussions of legacy emissions, there is growing pressure to achieve climate-compatible growth. Fiscal and monetary authorities will now have to be cognisant of the feedback from climate change to the economy and suitably adapt Read More …