Rourkela police have arrested two men, aged 22 and 24, for allegedly procuring and supplying bank accounts to cyber fraudsters. According to the Times of India report, the accused allegedly lured individuals with promises of money and jobs to open Read More …
Tag: Banking Risk
Bank Accounts Supplied to Cyber Fraudsters Highlight Growing Mule-Account Risk
Bowman Calls for Proactive Management of AI-Driven Cyber Risks
Federal Reserve Vice Chair for Supervision Michelle Bowman has urged banks to take a more proactive approach to cybersecurity as artificial intelligence increases the speed and sophistication of cyber threats. Speaking at the 2026 Community Bank Cyber Workshop, Bowman highlighted Read More …
S&P Upgrades Wells Fargo to A- After Risk Overhaul
S&P Global Ratings has upgraded Wells Fargo’s long-term issuer credit rating to A- from BBB+, citing significant improvements in the bank’s governance, risk culture and operational oversight. The upgrade follows the termination of the US Federal Reserve’s seven-year asset cap Read More …
Risk Management Must Move Into the Payment Flow
The rapid growth of real-time payments, open banking, embedded finance, artificial intelligence and cloud computing is forcing financial institutions to rethink how risk is managed. Traditional batch-processing systems gave banks time to conduct fraud and compliance checks before settlement, but Read More …
RBI Sets 10 Technology and Cyber Risk Requirements
The Reserve Bank of India has outlined 10 key requirements covering technology and cyber-risk management for regulated entities, emphasising stronger governance, controls and resilience as financial institutions become increasingly dependent on digital infrastructure. The requirements focus on ensuring that technology Read More …
RBI Tightens Market Risk Capital
The Reserve Bank of India (RBI) has issued directions setting out minimum capital requirements for market risk for commercial banks under the Basel III framework. The objective is to ensure that banks maintain sufficient capital to absorb potential losses arising Read More …
YES Bank Appoints Risk Leader
YES BANK has appointed Nitesh Ranjan Prasad as Head of Operational Risk, bringing more than 20 years of experience across banking, operational risk, technology risk, information security governance, outsourcing risk, digital risk and credit risk. Prasad joins YES BANK after Read More …
HDFC Bank Faces Leadership Transition Risk
The upcoming retirement of HDFC Bank CEO Sashidhar Jagdishan has raised concerns around leadership transition risk, with rating agency Moody’s highlighting the importance of a smooth succession process for maintaining strategic continuity and stakeholder confidence. Leadership transitions in large financial Read More …
The Chief Risk Officer Role in GCC Banking Sector Is Being Reshaped
The role of the Chief Risk Officer (CRO) in the Gulf Cooperation Council (GCC) banking sector is undergoing significant transformation as financial institutions face increasingly complex risks, technological disruption and changing regulatory expectations. Traditionally focused on credit, market and operational Read More …
S&P Global Outlines Four-Pillar Model for Modernising Credit Risk Management
Commercial banks can strengthen credit decision-making by connecting credit monitoring, risk measurement, stress testing and problem-loan recovery within a single end-to-end workflow, according to an April 28, 2026 case study from S&P Global Market Intelligence. The analysis argues that fragmented Read More …