Reserve Bank of India has made a paradigm shift in its approach to supervision of banks by introducing risk based supervision for major scheduled commercial banks and this is being extended to remaining banks as well. As part of the preparatory efforts, the banks have to take specific steps for setting up Risk Management Architecture, adoption of Risk Focused Internal Audit, strengthening of Management Information System and Information Technology Support, addressing HR issues and, setting up of Compliance units. Risk Based Supervision advocates a change in the way both the supervisors and the supervised carry their operations. Challenges are plenty both for the supervisor and the banks as the industry grapples with wide-ranging issues including quality of data, scalability of regulatory reporting processes, efficacy of risk management systems and cost of compliance. One of the main challenges for implementing RBS is the development and management of specialised skills and expertise in commercial banks for smooth transition to RBS. Hence, there is an urgent need to upgrade the HR capacity development with particular reference to skill set required for handling the risk management systems, processes, MIS, etc..

Program Objective

The objective of the program is to provide a platform for the senior executives of commercial banks to appreciate and discuss the challenges faced by them during the preparatory period for transition to risk based supervision and also to understand the expectations of the regulators.