US identifies use of AI as risk in financial systemThere is a need to monitor "rapid developments in AI, including generative AI, to ensure that oversight structures keep up with or stay ahe...
Satcomm to improve rural digital inclusion: ReportThe report, released Tuesday, said that in addition to increasing fixed line networks, there is a need to adopt new technologies to improve...
Stablecoins face crackdown as US discusses risk council reviewStablecoins have thrived in the unregulated shadows, with tokens in circulation now worth more than $120 billion, according to CoinMarketCa...
Janet Yellen confirmed as first female US Treasury secretary - Here's what she can do about climate changeShe can help guide the U.S. to the sweet spot of immediate growth that also puts the country on the path toward a cleaner, more resilient f...
The Covid crisis exposed what financial reformers missedRegulators did a lot to make the core banking system more resilient. They increased requirements for loss-absorbing capital, and for the li...
$11-trillion US mortgage market has a shadowy new playerThere’s no indication though that the council is considering singling out the business as a risk to financial stability.
Andhra Pradesh government signs agreements with Alphabet X for Fibergrid projectThe agreement was signed by Nara Lokesh, minister of IT, Government of Andhra Pradesh during his visit to Mountain View headquarters of Alp...
Taking systemic risk seriously in the financial sphereBy contrast, a growing group of current and former officials continues to express concern about current and potential future risks in the U...
- Finance Ministry to set up special group to deal with impact of global crisis
The Finance Ministry today decided to set up a Crisis Management Group (CMG) to deal with the impact of the global problems on the domestic...
- Financial stability council may not dilute RBI's autonomy
Amid concerns within the RBI about it being overshadowed by a super regulator, a government official said the proposed council will not dil...
- Govt may not make RBI Governor FSDC's vice-chairman: Sources
The proposed FSDC in India will not breach the autonomy of the regulators, a concern which has been voiced by the RBI.