New Risks - Newer Concerns

9 Pages Posted: 25 Jun 2019

Date Written: June 20, 2019

Abstract

The paper summarizes major new risks which our financial institutions will be subjected to in near future. On one side the advances in technology has led advanced analytics be used in financial services sector but on the other it has also led emergence of InsurTech as a response to the risks posed by cyber-attack. Further, risk Management should not only have the dimension of loss-prevention but also that of value creation and developing robust risk governance framework should be seen as business enabler rather than inhibitor.

Keywords: Cybersecurity, Conduct Risk, Risk Culture, InsurTech, Risk Modelling

Suggested Citation

Mishra, Rabi N., New Risks - Newer Concerns (June 20, 2019). Available at SSRN: https://ssrn.com/abstract=3407179 or http://dx.doi.org/10.2139/ssrn.3407179

Rabi N. Mishra (Contact Author)

Reserve Bank of India ( email )

Central Office, Shaheed Bhagat Singh Marg
Fort
Mumbai, 400001
India

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