G Padmanabhan: Alternate payment channels – prepaid cards: issues and challenges Address by Mr G Padmanabhan, Executive Director of the Reserve Bank of India, at the 5th Financial Inclusion and Digital Payments Conference, Mumbai, 12 September 2012. *  *  *  Assistance provided by S/Shri G Srinivas, Saswat Mahapatra and Smt Radha Somakumar gratefully acknowledged.
In relation to the prudential regulation of banks, there has been considerable progress in developing a banking union in Europe. In particular, the Single Supervisory Mechanism (SSM) of the ECB is now responsible for supervision in the euro area and is the direct supervisor for the largest banks, including the main Irish-resident banks.