There has to be a comprehensive framework for management of risk emanating from use of IT. This is a very broad area and includes a host of issues including i.  Redundancies and business continuity  ii. Information security  iii. Audit of financial transactions in an IT enabled system. 16.
Though the scope for use of complex financial products is rather limited in the Indian context, it is to be appreciated that the pricing, valuation and hedging of such positions are based on computer models.