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FINANCIAL SYSTEM RISKS
AI is now Wall Street’s biggest nightmare: 87% of experts warn of risks to financial system, Fed survey findsA recent survey conducted by the Federal Reserve reveals that artificial intelligence is perceived as the primary threat to financial stabi...- AI rockets to top of worries about financial system in latest Fed surveyArtificial intelligence has emerged as a top concern for financial stability, according to a recent report from the Federal Reserve. A stag...
- Faxes, phones and Bluetooth: Microsoft outage forces businesses to find fixesWhile most reported their core systems were still running, trading and administrative work slowed in places in the latest reminder of how m...
- AI's biggest risk lies in concentration of capital and power, warns NITI Aayog's Debjani GhoshDebjani Ghosh highlighted the systemic risks posed by the concentration of funding in the AI sector. She warned that circular financing com...
- Huge inflows in small spacesIncreasing investments from global entities into India's financial sector are boosting the specialized lending institutions. Regulatory ref...
- Desible.ai raises Rs 32 crore in round led by Prime Venture PartnersFounded in 2025 by Uttam Tiwari and Omkar Raikar, Desible.ai is building an AI-powered workflow orchestration platform that helps financial...
- Global watchdog urges Turkey to strengthen crypto rulesBut it said further action was needed to improve alignment with the FSB's global recommendations and address the risks of a largely retail ...
- How can senior HR leaders prepare themselves to drive enterprise transformation through people?ISB Executive Education’s 43-week Chief Human Resources Officer Programme equips senior HR leaders with the strategic judgement, business a...
- Disaster warning systems race to keep pace with galloping climate risksTwice a day during the rainy season, Raquel Izarra climbs to the roof of her home in the eastern Lima suburb of Santa Ines Bajo and measure...
- The great Indian money hunt: Why India's shadow banks are pulling in billions of dollarsBlackstone is negotiating a significant investment in IIFL Finance, indicating rising global interest in non-bank lenders. Recent deals inc...
- AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinseyMcKinsey said banks could reinvest half of the capacity released through automation into stronger analytical capabilities, strategic risk a...
- Singapore to launch gold vaulting service for foreign central banks, ease taxes to boost bullion tradSingapore's central bank will introduce a gold vaulting service for foreign central banks and financial institutions. This initiative aims ...
- PSBs integrate ESG parameters into companies' credit risk assessmentPublic sector banks are incorporating environment, social, and governance parameters into their credit risk assessment processes. Seven ban...
- BOJ's Ueda sees upside risks to inflation, says price growth may accelerate into early 2027Bank of Japan Governor Kazuo Ueda flagged upside risks to inflation, warning that rising energy costs could accelerate price growth into ea...
- Under attack, banks bolster cyber covers, opt for higher sum assured to protect against hitsFor large financial institutions, the biggest impact often is the loss arising from systems remaining unavailable after an attack, rather t...
- SBI-led banking alliance comes together to mount a defence to AI threatsIndian Banks' Association, led by State Bank of India, is developing a strategy for cybersecurity in the AI era. The initiative focuses on ...
- RBI forms technical committee to deal with financial markets’ issuesRBI has created a technical consultative committee for financial markets to involve market participants in discussions. This committee will...
- AI turns cyber threat into boardroom crisisIn India, State Bank of India disclosed that 375,000 customer records had been leaked on the dark web, while vulnerabilities in eMudhra’s d...
- India cybercrime agency warns financial firms on AI attacks"These attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine ...
- 'Chernobyl-like' blackout soon: 'Godfather of AI' predicts crisis this year or next; Nobel laureate Geoffrey Hinton warns of risks to financial markets & power systemsAI could trigger a 'Chernobyl-like' crisis this year or next, Nobel laureate Geoffrey Hinton has warned, cautioning that the technology cou...
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