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RBI Dy Guv moots risk-based premium for deposit insurance
The Morning Standard
|August 15, 2024
RISK-based premium increase for deposit insurers can ensure that those institutions with higher risk profiles contribute more to the insurance fund, Reserve Bank deputy governor Swaminathan J has said.
He said as the financial sector becomes more digitised, deposit insurers must work closely with the regulators and supervisors to strengthen oversight mechanisms by regularly updating regulatory frameworks to incorporate emerging risks associated with digital payments, cyber security, and fintech innovations, among others.
This story is from the August 15, 2024 edition of The Morning Standard.
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