News & Media 16th Sep 2024
Regulators in other major economies are increasingly moving away from their reliance on financial penalties as they are adopting more robust compliance rating systems, board-level accountability measures, and incorporating technological advancements such as real-time monitoring through AI and big data analytics to detect violations early.
In this context, Business Standard’s Harsh Kumar writes on “Banks may face bigger fines for non-compliance” with detailed insights from our Senior Counsel Mukesh Chand.
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