SEACEN-FSI 25th Conference of Asia-Pacific Supervision Directors in Mumbai

The Reserve Bank’s deputy governor, Mukesh Jain, stated that as banks continue to adopt new technologies, it is essential that supervisors have access to the knowledge and resources needed to effectively supervise them.
Jain also warned that the recent failure of banks abroad has added to the challenges faced by supervisors, who must maintain stability and minimise risks.
He commented that supervisors must find a balance that ensures financial stability and minimises moral hazard risks.