Some distinct characteristics of Basel II are noteworthy: •  aligns capital of banks with their basic risk profiles,  •  it is elaborate and far superior in terms of its coverage and details,  •  it has the ability to exploit effectively new frontiers of risk management and gives impetus to the development of sound risk-management systems, which in turn are expected to promote efficiency and more prudent allocation of resources,  •  It is perceived to be the harbinger of the future disposition of bank supervision and the evolutionary path on which the banking industry would tread, and  Finally, it is designed to promote financial stability by making the risk-management systems more robust and responsive to tackle the complexities arising out of a host of new risks.
We have a CISO forum under the aegis of the IDRBT; this forum, along with the ongoing research in IDRBT in cyber security should help banks exchange information, react quick enough to outsmart the perpetrators of cyber incidents and build in workable security related enhancements. 7. Second are the new technologies that are fast developing.