Effective policies to address the too-big-to-fail issue thus require international policy coordination, and the Financial Stability Board (FSB) plays an important role in this regard. Whether a bank is considered to be globally systemically important is based on an internationally agreed set of criteria. On this basis, the FSB publishes an annual list of about 30 globally systemically important banks or G-SIBs.
As technology evolves from being an enabler and differentiator to being at the core of the banks’ operations, associated issues of security need to be addressed comprehensively. 4. Post withdrawal of legal tender character of ₹ 500 and ₹ 1000 bank notes, there has been a phenomenal push towards digital mode of payment across the country.