Systemic risk Current Affairs, GK & News

Systemic risk  Current Affairs, GK & News

SBI, ICICI Bank and HDFC designated as RBI’s list of D-SIBs

The State Bank of India (SBI), ICICI Bank and HDFC Bank would have to comply with additional capital requirement norms by 1st April 2019 as the banks continue to be in the Reserve Bank of India (RBI)’s list of Domestic Systemically Important Banks (D-SIBs) for 2018. D-SIBs are required to maintain higher capital as compared ..

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Pravin Kutumbe head of IRDAI committee to identify Systemically Important Insurers (SII)

Insurance regulator IRDAI has constituted a committee that will not only facilitate in identifying the Systemically Important Insurers (SIIs), but also recommend enhanced supervision measures for them. The committee headed by IRDAI member (finance and investment) Pravin Kutumbe will submit its report within six months. The committee would study the methodology followed by International Association ..

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Financial Stability Board

After the global financial crisis of 2007, the G-20 has created an institution called Financial Stability Board to design sophisticated regulation measures for banks to prevent future bank failure. Beside this, the central banks of each country identify Domestic Systemically Important Banks (D-SIBs). While the Basel Committee on Banking Supervision (BCBS) started to identify big ..

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AP government signs an agreement with Alphabet InC.’s X for Fiber grid project

The Andhra Pradesh government has signed an agreement with Alphabet InC.’s X to bring the Free Space Optical Communication (FSOC) technology in the state. The purpose of the FSOC is to provide internet through the government Fiber grid project. By using FSOC technology, the state will be able to use better bandwidth data to every ..

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