This one-day virtual program would provide an opportunity to the participants to understand the regulatory perspective, expectations and concerns. The participants will be apprised of the emerging compliance landscape and challenges including increasing complexities in operations of financial institutions and in adoption of technology.

In a distributional examination of monetary policy impacts, my study explores how changes in the federal funds rate affect short-term consumption dynamics through the wealth inequality channel. Differential returns and prices of housing and equity along with heterogeneous marginal propensities to consume out of income across house- holds, cause uneven effects of monetary policy on individuals with different net wealth.

I study the effect of foreclosure delays on labor income and employment outcomes, exploiting a temporary CFPB rule that restricted servicers from initiating foreclosures. Using detailed employee-employer matched administrative data linked with individual credit profiles in the U.S., I employ a difference-in-differences design and compare borrowers who were 120+ days delinquent one month before versus one month after the cut-off eligibility date of the rule.

Universal Basic Income (UBI) has gained traction as an anti-poverty policy for developing economies, but financing it poses challenges due to the vast informal sector that remains outside the income tax net. This paper analyzes the feasibility of financing UBI under alternative financing schemes and studies the long-term aggregate and distributional effects of UBI in developing countries.

This five-day program aims to provide a leadership competency framework, curated for senior & emerging leaders in the financial sector, to create demonstrable and high impact leadership quotient. The program has been designed with Catallyst Executive Education Institute (CEEI) for senior and middle management leaders of banking and financial services organizations in India. The program would also focus on high level functional skills of critical importance for financial sector leaders such as those relating to governance, strategy and risk.

Nations vary widely in how often they are governed by left-wing governments. Using data from 56 nations over 45 years, we find that the propensity of a nation to elect the left is positively correlated with both the average level and volatility of their sovereign spreads. To explain these facts, we build a quantitative sovereign default model in which two policymakers (left and right) alternate in power. Re-election probabilities are increasing in government spending, with the left having a small advantage (as found in the data). We use variation in the responsiveness of re-election probabilities to government spending in order to create economies that elect the left more or less frequently in equilibrium. We call these the left leaning and the right leaning economy. The left leaning economy faces worse borrowing terms due to higher default risk.

It is thus imperative for Banks, Financial Institutions and NBFCs to enhance their fraud risk management systems including their framework for Early Warning Signals. It is necessary for the Board members & senior officials to have a sound understanding of the audit and investigation processes relating to frauds, to strengthen their fraud governance and response systems and ensure effective implementation of fraud prevention measures.

This paper examines the value and impact of using purchase-level information, specifically its role in alleviating the information asymmetry in the credit markets. Using a proprietary lending dataset from a firm operating in the BNPL industry, I evaluate the underwriting practices of the lender and document three findings - i) the lender’s internal score predicts the likelihood of a loan defaulting with 18% greater accuracy than traditional credit score, ii) the lender’s internal score incorporates purchase-level information, and iii) the lender prices a significant portion of loans using purchase-level information.

The Conference of CHROs and CLOs aims at bringing together visionary leaders who would shape their future work force. The objective is also to obtain feedback on the way forward and appreciate the learning gaps to further enhance the professional awareness and capabilities of senior executives and top management of banks who would be the future leaders in the financial sector.