Observations
Dec 03, 2024In a speech delivered at the High-level Policy Conference of Central Banks from the Global South last week, Swaminathan J, a Deputy Governor at the Reserve Bank of India (RBI), argued that supervision must evolve in order to keep pace with the emerging risks facing the financial sector, emphasizing the importance of a forward-looking, data-informed approach.
Compendium
Jun 11, 2024The DFS developed guidance for assessing the character and fitness of directors, senior officers, and managers to enhance corporate governance and oversight standards. This initiative follows the banking crisis of March 2023, emphasizing that institutions must thoroughly vet their leadership. Key qualities for bank leaders include integrity, respect, and commitment to fiduciary duties, which can be evaluated through comprehensive vetting processes and adherence to risk management frameworks.
