Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Ethos, a modern model risk management platform, has raised $6 million in seed funding to help financial institutions and fintechs manage model risk with confidence. The funding round was led by Canapi Ventures, with participation from Capital One Ventures and Read More …
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 …
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 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 …
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 …
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 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 …
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 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 …
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 …
