AI amplifies systemic risk to financial sector, says India’s Reserve Bank boss
October 14, 2024 at 11:51PM India’s Reserve Bank Governor, Shri Shaktikanta Das, cautioned that while AI offers financial growth opportunities, it also poses systemic risks and concentration concerns in the financial sector. He emphasized the importance of risk mitigation measures for banks and highlighted the need for improved cross-border payment systems and vigilance against misinformation … Read more