Though not on the scale of 2008 they cannot be ignored with global economy expected to slow down ahead and with euro area sovereign debt and banking problem still unresolved. At the same time with banks in India expected to reap greater scale and scope economies through organic growth as well as possible consolidation, they are likely to face new challenges in risk management.
These would require to be addressed through enterprise risk management. Banks already have internal controls and risk management systems in place. The need is for better enterprise-wide assessment of both quantity and quality of risks. The assessment needs to be stress-tested adequately and appropriately.