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As Assistant to the President for Economic Policy and Director of the National Economic Council (2017-2018), Gary Cohn managed the US economic policy agenda, stimulating economic expansion, job creation, and wage increases through historic tax and regulatory reform. Prior to that he was the President and Chief Operating Officer at Goldman Sachs where he worked for more than 25 years.

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Using Technology to Enhance Supervision

Using Technology to Enhance Supervision

by Starling Insights

Starling Insights Editorial Board

Sep 01, 2023

Observations

India Reserve Bank of India Culture & Conduct Supervision Innovation & Technology Innovative Approaches

ICYMI: In a speech in June, Mahesh Kumar Jain, then a Deputy Governor at the Reserve Bank of India (RBI), called for supervisors to adopt a risk-based, forward-looking approach through the use of new analytical tools, such as artificial intelligence and machine learning.

The financial sector is more technologically advanced than ever, and the rate of innovation is only increasing. As such, both banks and bank supervisors must build the capabilities to manage the risks associated with these technologies. In recent years, the RBI has undertaken various efforts to improve its own supervision, creating a more agile framework that emphasizes identifying and addressing the root causes of vulnerabilities.

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