Risk Management Association of India

India should proactively consider establishing a dedicated Ministry of Risk Management to address the growing complexity of risks across sectors, according to insights highlighted in a recent conflict monitoring perspective. As geopolitical tensions, climate risks, cyber threats, and financial uncertainties Read More ... The post India urged to consider dedicated risk management ministry first ap…

Insurance companies in South Korea are actively strengthening their capital management strategies as they navigate growing financial market volatility and tightening regulatory expectations. The move reflects a broader effort within the industry to enhance financial resilience while adapting to evolving Read More ... The post Korean Insurers Strengthen Capital Strategy Amid Market Pressures first…

The regulatory landscape in the United Arab Emirates has undergone a significant transformation, driven by increasing complexity in financial regulations, anti-money laundering (AML) frameworks, and global compliance standards. Organisations are now shifting from traditional, periodic compliance models to a more Read More ... The post Continuous Compliance in the UAE: Moving from Periodic to Real…

The growing need for Pre-Breach and Risk Mitigation Services, in Cyber Risk Management  The alarming rise in cyber incidents is devastating. The median annual loss of a cybersecurity breach has risen to USD 3 million. Most business entities have been Read More ... The post Reflections From the Risk Management Lens first appeared on Risk Management Association of India .

The Reserve Bank of India’s April 2026 regulatory updates mark a significant shift in the country’s banking landscape. These reforms focus on strengthening digital security, supporting export driven sectors, and refining capital market exposure norms. From a risk management perspective, Read More ... The post RBI April 2026 Banking Rules and Risk Impact first appeared on Risk Management Associati…

State Bank of India (SBI) Chairman C.S. Setty has highlighted the transformative potential of artificial intelligence (AI) in strengthening financial market infrastructure and enhancing efficiency across the banking ecosystem. According to the report, AI can significantly improve core functions such Read More ... The post AI Can Transform Financial Market Infrastructure, Says SBI Chairman first a…

Artificial intelligence (AI) is redefining conduct risk within organisations, prompting a shift in how companies approach corporate risk management in an increasingly digital and automated environment. According to the report, conduct risk—traditionally linked to employee behaviour and ethical practices—is now Read More ... The post AI-Driven Conduct Risk Reshapes Corporate Risk Management first …

The Federation of European Risk Management Associations (FERMA) is advocating for the adoption of a unified standards framework to strengthen risk management practices across Europe. According to the report, the initiative aims to create greater consistency in how organisations identify, Read More ... The post Federation Pushes for Unified Risk Management Standards Across Europe first appeared on…

Adakami has participated in a national-level dialogue focused on strengthening fraud risk management frameworks, highlighting the growing importance of tackling financial fraud in the digital economy. According to the report, the discussion brought together industry stakeholders, regulators, and technology experts Read More ... The post Adakami Contributes to National Dialogue on Strengthening Fr…

State Bank of India (SBI) has highlighted the growing role of artificial intelligence (AI) in transforming risk management across financial markets, signalling a shift towards more data-driven and predictive frameworks. According to the report, AI is enabling financial institutions to Read More ... The post AI Transforming Risk Management in Financial Markets: SBI Chief first appeared on Risk Man…

Banking risk management is no longer limited to traditional areas such as credit and market risk. As financial institutions evolve, new risk areas have emerged that directly impact customer trust, regulatory compliance, and institutional stability. Among these, customer service, cyber Read More ... The post Three Critical Risk Areas in Banking first appeared on Risk Management Association of Indi…

Artificial intelligence (AI) is rapidly transforming risk management practices, enabling organisations to move from reactive approaches to more predictive and data-driven strategies. According to the report, AI technologies are being widely adopted to analyse large datasets, identify patterns, and detect Read More ... The post AI is Revolutionising Risk Management Across Industries first appeared…

The global mining sector is witnessing a shift in its approach to environmental, social, and governance (ESG) practices, with growing backlash against traditional ESG frameworks leading to a stronger emphasis on social risk reporting. According to the report, companies are Read More ... The post ESG Backlash Accelerates Focus on Social Risk Reporting in Mining first appeared on Risk Management As…

Financial regulators are undertaking a significant overhaul of model risk management (MRM) frameworks, reflecting the growing reliance on complex models and artificial intelligence (AI) in decision-making processes. According to the report, the updated regulatory focus aims to strengthen governance, validation, Read More ... The post Regulators Overhaul Model Risk Management Frameworks first appe…

Robotic Process Automation has significantly transformed the financial services sector. What began as a tool for automating repetitive tasks has evolved into a critical enabler of decision making, risk management, and governance. Financial institutions are increasingly adopting automation not only Read More ... The post The Evolution of RPA in Finance and Risk Governance first appeared on Risk Ma…

Federation of European Risk Management Associations (FERMA) has outlined the major challenges confronting risk managers, reflecting the growing complexity of the global risk environment. According to the report, risk managers are dealing with an expanding range of threats, including cyber Read More ... The post FERMA Highlights Key Challenges Facing Risk Managers first appeared on Risk Management…

Cyber-related losses have surged to an estimated $16 billion, highlighting the growing scale of digital threats and exposing gaps in existing insurance programmes that are struggling to keep pace with evolving risk landscapes. According to the report, many cyber insurance Read More ... The post Cyber Losses Reach $16 Billion as Insurance Programs Lag Behind Emerging Risks first appeared on Risk M…

Aravo has introduced ‘Aravo AI’, a new solution designed to automate third-party risk management workflows and enhance enterprise risk oversight. According to the report, the platform leverages artificial intelligence to streamline vendor risk assessment, due diligence, and ongoing monitoring processes. Read More ... The post Aravo Launches ‘Aravo AI’ to Automate Third-Party Risk Workflows first …

By Dr. Rakesh Agarwal, Secretary General, Risk Management Association of India and Director, Smart Online Course The launch of Mission SAKSHAM by the Reserve Bank of India marks a defining moment in the evolution of Urban Cooperative Banks (UCBs). A Read More ... The post Mission SAKSHAM and the Reinvention of Urban Cooperative Banking first appeared on Risk Management Association of India .

Cyber risk failures in banking are increasing as financial institutions rely heavily on digital infrastructure, cloud systems, and interconnected platforms. These failures are not limited to technology issues. They often arise due to weak governance, poor oversight, and gaps in Read More ... The post Top Cyber Risk Failures in Banking first appeared on Risk Management Association of India .