May 27, 2016
Center for Advanced Financial Research and Learning (CAFRAL) promoted by Reserve Bank of India (RBI) conducted a 2 days program titled ‘Risk Based Supervision – Implementation Challenges’ on May 26-27, 2016 at Hotel ITC Grand Central, Mumbai.The event was organized under the leadership of Mr. G. Gopalakrishna (Director-CAFRAL and former Executive Director-RBI) and Ms. Meena Hemchandra (Executive Director-RBI and in charge of department of banking supervision).
The objective of the program was to provide a platform for the senior executives of commercial banks to appreciate and discuss the challenges faced by them during the preparatory period for transition to Risk Based Supervision (RBS) and also to understand the expectations of the regulators.
Mr. Alok Tiwari (CEO- Aptivaa) and Mr. Sandip Mukherjee (COO- Aptivaa), both of whom were involved in the development of RBS framework were invited at the forum to share their experiences. They provided a brief overview of the RBS Maturity Model and implementation challenges across key dimensions of Governance, Risk Integration, Process System Integration, Data Governance.