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Recently In April 2023, The Reserve Bank of India (RBI) Governor, Shaktikanta Das has addressed the Global Conference on Financial Resilience in Mumbai. What was the theme of this event ?
  • a)
    Financial Stability: Framework, Monitoring and Implementation
  • b)
    Enhancing financial sector stability and sustainability.
  • c)
    Strengthening regulatory frameworks for financial stability and resilience.
  • d)
    More than one of the above.
  • e)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
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Recently In April 2023, The Reserve Bank of India (RBI) Governor, Shak...
Financial Stability: Framework, Monitoring and Implementation

The theme of the Global Conference on Financial Resilience addressed by RBI Governor Shaktikanta Das in April 2023 was "Financial Stability: Framework, Monitoring, and Implementation."

Explanation:

Financial stability is a crucial aspect of any economy, as it ensures the smooth functioning of financial markets and institutions, promotes economic growth, and protects consumers and investors. The theme of the conference reflects the importance of establishing a robust framework for maintaining financial stability, effective monitoring of risks, and implementing necessary measures to mitigate them.

Key Points:

1. Financial Stability Framework:

- The conference emphasized the need for a comprehensive framework to assess and manage risks to financial stability. This includes identifying vulnerabilities, evaluating the resilience of financial institutions, and implementing appropriate policies and regulations.
- The framework should also focus on addressing systemic risks that can have a widespread impact on the entire financial system and the economy as a whole.

2. Monitoring Financial Risks:

- Effective monitoring of financial risks is essential to detect early warning signals and take timely action to prevent potential crises. This involves collecting and analyzing data on various indicators such as asset quality, liquidity, leverage, and market conditions.
- The conference highlighted the importance of using advanced analytical tools and techniques, including artificial intelligence and machine learning, to enhance risk monitoring capabilities.

3. Implementation of Measures:

- Developing a robust framework and monitoring risks alone is not sufficient. It is essential to implement appropriate measures to address identified vulnerabilities and ensure financial stability.
- The conference emphasized the role of regulators, central banks, and other stakeholders in implementing prudential regulations, conducting stress tests, and taking necessary actions to mitigate risks.

Conclusion:

The theme of the Global Conference on Financial Resilience addressed by RBI Governor Shaktikanta Das in April 2023 was "Financial Stability: Framework, Monitoring, and Implementation." The conference focused on the importance of establishing a comprehensive framework for maintaining financial stability, effective monitoring of risks, and implementing necessary measures to mitigate them. This theme reflects the ongoing efforts of policymakers and regulators to strengthen the resilience of the financial system and promote sustainable economic growth.
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Recently In April 2023, The Reserve Bank of India (RBI) Governor, Shak...
Reserve Bank of India (RBI) Governor, Shaktikanta Das has addressed the Global Conference on Financial Resilience in Mumbai. 
  • RBI Governor Shaktikanta Das will address the Global Conference on Financial Resilience in Mumbai.
  • The conference is being organized by the College of Supervisors in collaboration with the Centre for Central Banking Studies (CCBS), Bank of England, London.
  • The Reserve Bank of India has set up an academic advisory council called the 'College of Supervisors (CoS)' to strengthen supervision over regulated entities.
  • The CoS is headed by former deputy governor N S Viswanathan, and it has five other members.
  • The Bank of England's CCBS provides technical cooperation and assistance to equip central bankers and financial regulators with the expert knowledge they need to tackle challenges. 
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Recently In April 2023, The Reserve Bank of India (RBI) Governor, Shaktikanta Das has addressed the Global Conference on Financial Resilience in Mumbai. What was the theme of this event ?a)Financial Stability: Framework, Monitoring and Implementationb)Enhancing financial sector stability and sustainability.c)Strengthening regulatory frameworks for financial stability and resilience.d)More than one of the above.e)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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Recently In April 2023, The Reserve Bank of India (RBI) Governor, Shaktikanta Das has addressed the Global Conference on Financial Resilience in Mumbai. What was the theme of this event ?a)Financial Stability: Framework, Monitoring and Implementationb)Enhancing financial sector stability and sustainability.c)Strengthening regulatory frameworks for financial stability and resilience.d)More than one of the above.e)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Recently In April 2023, The Reserve Bank of India (RBI) Governor, Shaktikanta Das has addressed the Global Conference on Financial Resilience in Mumbai. What was the theme of this event ?a)Financial Stability: Framework, Monitoring and Implementationb)Enhancing financial sector stability and sustainability.c)Strengthening regulatory frameworks for financial stability and resilience.d)More than one of the above.e)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently In April 2023, The Reserve Bank of India (RBI) Governor, Shaktikanta Das has addressed the Global Conference on Financial Resilience in Mumbai. What was the theme of this event ?a)Financial Stability: Framework, Monitoring and Implementationb)Enhancing financial sector stability and sustainability.c)Strengthening regulatory frameworks for financial stability and resilience.d)More than one of the above.e)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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