REGULATION IN THE DIGITAL ERA - ISSUES, OPPORTUNITIES AND CHALLENGES - SPECIAL ADDRESS DELIVERED BY SHRI SHIRISH CHANDRA MURMU, DEPUTY GOVERNOR, RESERVE BANK OF INDIA ON JANUARY 9, 2026, AT THE 3RD ANNUAL GLOBAL CONFERENCE OF THE COLLEGE OF SUPERVISORS, RESERVE BANK OF INDIA ON THE THEME OF 'ADAPTING THE REGULATION AND SUPERVISION TO THE DIGITAL AGE', IN MUMBAI

MUMBAI, India, Jan. 13 -- Reserve Bank of India issued the following speech:

Distinguished guests and my colleagues, Namaste and a very good afternoon! It is a privilege to address this illustrious gathering at College of Supervisors' Third Annual Global Conference convened around the theme of 'Adapting the Regulation and Supervision to the Digital Age'.

2. Digitalisation has brought significant benefits such as efficiency and productivity gains, improved transparency, enhanced competition and expanded access to financial services. At the same time, it is also creating new categories of risk and reshaping familiar risks in unfamiliar ways, altering their transmission, visibility, and controllability. The digital transverses beyond product...