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Basel II requires all banking institutions to set aside capital for operational risk. The basic indicator approach, however, is much simpler as compared to the alternative approaches (i.e. standardized approach (operational risk) and advanced measurement approach) and thus has been recommended for banks without significant international operations.
Reserve Bank of India, abbreviated as RBI, is the central bank of India, and regulatory body responsible for regulation of the Indian banking system and Indian currency. Owned by the Ministry of Finance , Government of India , it is responsible for the control, issue, and maintenance of the supply of the Indian rupee.
Anti-Money Laundering (AML) guidelines: The Reserve Bank of India (RBI) has issued AML guidelines for banks and financial institutions to follow while conducting financial transactions. These guidelines include measures such as customer due diligence, record keeping, and risk management.
On 17 July 2014, the RBI released the draft guidelines for payment banks, seeking comments for interested entities and the general public. [7] On 27 November, RBI released the final guidelines for payment banks. [8] In February 2015, RBI released the list of entities which had applied for a payments bank licence. There were 41 applicants. [9]
The Act gives the RBI the power to license banks, have regulation over shareholding and voting rights of shareholders; supervise the appointment of the boards and management; regulate the operations of banks; lay down instructions for audits; control moratorium, mergers and liquidation; issue directives in the interests of public good and on ...
Risk Management and Modelling Group: point of contact with the industry on the latest advances in risk measurement and management; Research Task Force: facilitates economists from member institutions to discuss research on financial stability in consultation with the academic sector
It has an operational risk management system that is conceptually sound and is implemented with integrity; and; It has sufficient resources in the use of the approach in the major business lines as well as the control and audit areas. On March 4, 2016, the Basel Committee on Banking Supervision finally updated its proposal for calculating ...
Risk sensitivity - Capital requirements based on internal estimates are more sensitive to the credit risk in the bank's portfolio of assets; Incentive compatibility - Banks must adopt better risk management techniques to control the credit risk in their portfolio to minimize regulatory capital; To use this approach, a bank must take two major ...