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: Corporate governance
RBI Deputy Governor Warns Banks Against Diluting Internal Controls Amid Rapid Digitalisation
RBI Reaffirms Mandatory Stock Market Listing for Upper-Layer NBFCs, Emphasises Financial Stability and Governance
The Reserve Bank of India (RBI) has reaffirmed that non-banking financial companies (NBFCs) classified under its Upper Layer regulatory framework must be listed on stock exchanges, reinforcing its commitment to transparency, corporate governance and financial stability within India’s non-banking financial Read More …
Unclear AI Risk Ownership Raises Concerns for CISOs
Unclear ownership of artificial intelligence (AI) risk could leave Chief Information Security Officers (CISOs) accountable for incidents without giving them sufficient authority to prevent or control those risks, according to experts cited by TechTarget. New research from PwC highlights the Read More …
Risk Experts Urge Stronger Governance
Risk management professionals in Nigeria have called for stronger risk awareness, accountability and preventive controls to address avoidable losses, workplace accidents, regulatory breaches and financial mismanagement. The call was made at the 2026 National Risk Management Conference and Awards Ceremony 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 …
Why Risk Management Is an Essential Business Skill for Every Professional
Risk management has become an essential capability for professionals across industries as organisations face increasing uncertainty from economic changes, technology disruption, regulatory developments and operational challenges. Traditionally viewed as a specialised function handled by risk teams, risk management is now Read More …
IndusInd Bank Derivatives Case Study: Control Failures
In March 2025, IndusInd Bank disclosed discrepancies in account balances associated with its derivatives portfolio. An initial internal review estimated an adverse effect equivalent to approximately 2.35% of the bank’s net worth at 31 December 2024. An independent review subsequently Read More …
COSO ERM vs ISO 31000: Which Risk Framework Fits Your Organisation
Enterprise risk management is no longer just a compliance requirement. In today’s complex business environment, organisations face strategic, operational, technological, and regulatory risks that can significantly impact growth, reputation, and sustainability. Selecting the right risk management framework is critical for Read More …
Companies Advised to Update Risk Registers for Better Strategic Insights
Organizations are being urged to rethink how they use risk registers, shifting from static compliance tools to dynamic instruments that drive actionable insights. Experts note that traditional risk registers often become tick-box exercises, failing to provide a clear view of Read More …
Geopolitical Risk Emerges as Key Concern for Risk Managers
Lockton has highlighted geopolitical risk as a critical issue for businesses worldwide, noting its growing impact on operational resilience, supply chains, and strategic decision-making. Companies are increasingly exposed to uncertainties stemming from political instability, regulatory changes, international conflicts, and trade Read More …