Question : Which of the following is about to establish ‘PRISM’(Platform for Regulated Entities for Integrated Supervision and Monitoring) ?
a. RBI
b. SEBI
c. IRDAI
d. TRAI
Ans. a.
Related facts —
- On August 2021 RBI disclosed about his plan of establishing ‘PRISM’.
- PRISM stands for — Platform for Regulated Entities for Integrated Supervision and Monitoring.
- This move is aimed at helping supervised entities to strengthen their internal defences and resilience and bringing focus on root cause analysis (RCA).
- PRISM will have various functionalities (inspection; compliance; incident functionality for cyber security; complaints; and returns functionalities), with built-in remediation workflows, time tracking, notifications and alerts, management information system (MIS) reports and dashboards.