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Technology – The Core Service Differentiator for The ... - IDRBT

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Regulation and Supervision –<br />

<strong>The</strong> Challenge<br />

Challenge of <strong>Technology</strong>:<br />

INSTITUTE FOR DEVELOPMENT AND<br />

RESEARCH IN BANKING TECHNOLOGY<br />

New markets, products, services, delivery channels<br />

Opened up a market <strong>for</strong> “risks” – derivatives<br />

Challenge of financing tech firms & IT innovation<br />

all have implications <strong>for</strong> the stability of banks and of the<br />

economy<br />

<strong>The</strong> Opportunity<br />

Regulators have new tools<br />

Focus of all recent financial sector re<strong>for</strong>ms<br />

Emergence of non-intrusive, focused supervision<br />

…with a view to prevent frauds and disturbances to<br />

financial stability<br />

October 9, 2004<br />

Vepa Kamesam, Chairman <strong>IDRBT</strong>

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