Proactive risk management will secure Indian finance
RBI efforts have meant Indian risk mitigation has been good but we must beware risk complacency
Recent and unexpected volatility among a number of prominent financial institutions in Europe and the US were a sharp reminder of the largely unprecedented few years the global economy has endured. While the initial storm seems to have passed, the question of contagion across financial institutions was front and centre in global markets for the first time since the Global Financial Crisis of 2008. For obvious reasons, this is a worthwhile moment to pause and take stock of risk mitigation in our own financial system here in India.