RBI: Governance lapses behind financial failures
RBI Deputy Governor J Swaminathan highlighted that governance failures, not lack of knowledge, cause financial crises. He noted that misaligned incentives often lead to ignored red flags, allowing risks to grow. Swaminathan emphasized that strong leadership, judgment, and discipline are crucial for India's financial future, especially as technology amplifies both successes and failures.
RBI Deputy Governor J Swaminathan highlighted that governance failures, not lack of knowledge, cause financial crises. He noted that misaligned incentives often lead to ignored red flags, allowing risks to grow. Swaminathan emphasized that strong leadership, judgment, and discipline are crucial for India's financial future, especially as technology amplifies both successes and failures. What's Your Reaction?
