That said, financial institutions will need to continue investing in their systems, governance, and risk management to build their long-term resilience. In coordination with our regulatory partners – the Council of Financial Regulators- we are committed to continuing to work with the industry to support financial stability, and ensure our priorities are risk-based, evidence-led and outcome-focused.
This choice has been motivated by more than one factor. This conference is jointly organized by FICCI which pursues the interests of corporates, and IBA which looks after the interests of banks. I have simply inserted the Reserve Bank’s area of interest, “governance”, between corporates and banks so that all our collective interests are covered.