Friday, 24 March, 2023

Reserve Bank Signals to Big Tech's Concerns to Financial Stability

<p>Concerns about big tech&#39;s effects on financial stability have been expressed by RBI. Big techs offer a number of hazards, and the central bank document that outlined those risks said, that the complex governance structures of big technologies hinder the possibility of effective oversight and the creation of entity-based laws.&nbsp;These firms can&nbsp;have an impact on risk and maturity transformation functions due to their direct exposure to the supply of financial services.</p>