The Reserve Bank of India (RBI) updated its "guidance note" on operational risk management for the financial sector, extending it to include NBFCs and housing finance companies. The note highlights that operational disruptions can threaten the viability of regulated entities, impacting customers and financial stability. It covers various causes of disruptions, including man-made, IT threats, frauds, and natural causes. The updated note aligns with Basel Committee on Banking Supervision (BCBS) Principles and aims to enhance operational resilience and risk management in the financial system
Related Keywords
India , , Information Technology , Basel Committee On Banking Supervision , Reserve Bank , Guidance Note , Operational Risk , Operational Risk Management , Operational Resilience , Basel Committee , Banking Supervision , Nbfcs , Rbi , Financial Sector , Resilience , Central Bank , Reserve Bank Of India ,
comparemela.com © 2020. All Rights Reserved.