He said the supervision of banks and financial institutions is a relatively recent development - dating back around 50 years.
From the early days, central banks have fulfilled their role as the lender of last resort, ensuring that financial institutions remained solvent and protected against systemic crises, Swaminathan said.
As the world rapidly evolves, so does the nature of risks confronting the financial sector. Technological advancements have brought incredible efficiencies but also significant vulnerabilities, such as cybersecurity threats and risks stemming from third-party dependencies, he mentioned.
Diese Geschichte stammt aus der November 28, 2024-Ausgabe von The Statesman.
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Diese Geschichte stammt aus der November 28, 2024-Ausgabe von The Statesman.
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Do we still need the G20?
The G20 remains an important platform for dialogue between major countries and a banner of multilateralism in today's world.
Congress must reform
SIR, The Congress party had been in power for several decades after independence.
Toxic Living~ II
While trucks and other heavy vehicles have been recognised as a major contributor to air pollution, in India, freight movement by rail has declined, giving way to a road-based freight system dominated by trucks. Rapid expansion of roads and highways has given impetus to road transport. The share of railways in 1950-51 was 89 per cent, which declined to 27 per cent in 2022
Constitutional Whispers
There are several troubling aspects to the Apex Court's interventions in the R G Kar case, argues Debarshi Chakraborty.
Migration Tragedy
The conviction of two individuals involved in a human smuggling operation that led to the deaths of an Indian family at the US-Canada border in January 2022 underscores the devastating toll of illegal migration networks.
Rahul Gandhi accuses govt of protecting Adani
Leader of the Opposition in the Lok Sabha Rahul Gandhi, on Wednesday, accused the BJP-led NDA government at the Centre of protecting billionaire businessman Gautam Adani, who was indicted by the US Department of Justice (DOJ) and US Securities and Exchange Commission (SEC) for alleged bribery.
India welcomes ceasefire deal in Lebanon
India on Wednesday welcomed the ceasefire between Israel and Hezbollah in Lebanon, hoping such developments will lead to peace and stability in the region.
England Veteran Stokes skipped IPL auction to prolong international career
Ever since the advent of cash-rich T20 leagues across the world, including the money-minting Indian Premier League, there has been a debate over players choosing franchise cricket over their respective national teams' interest.
Bumrah rides Perth Test performance to reclaim top spot in ICC Test rankings
Pace maestro among several Team India colleagues to register big gains in latest ICC rankings
BGT 2024-25: Australia to add uncapped Beau Webster to squad for pink ball Test
Australia are set to add uncapped fast-bowling all-rounder Beau Webster into their squad for the second Border-Gavaskar Trophy Test, to be played with the pink ball in Adelaide, starting on 6 December.
