Finance
Mr. BillionhairMurmu: Financial Chaos Needs a Huge Fix, Believe Me!
Listen up, folks! Shirish Chandra Murmu, the deputy governor of RBI, is ringing the alarm on financial chaos! Regulators are scattered like confetti, thinking they’re doing great. But let me tell you, algorithms are a ticking time bomb! Cyberattacks are waiting, and traditional checks? A total disaster! We need clear communication to keep confidence soaring. Believe me, it’s absolutely essential!
few days ago | BS Reporter
Quick rundown
1.Financial activities are being unbundled through non-financial platforms.
2.Regulatory oversight is fragmented among various entities.
3.Digital innovations introduce systemic risks.
4.Data is a core asset, making institutions targets for cyberattacks.
5.Clear regulatory communication is crucial in a rapidly evolving environment.
