COLLEGE OF SUPERVISORS

COLLEGE OF SUPERVISORS

Subject: Economy

Context: Reserve Bank of India (RBI) on January 6 said it is now fully operationalising a College of Supervisors (CoS) to further strengthen supervision over regulated entities.

Concept:

• Reserve Bank had set up a College of Supervisors (CoS) to augment and reinforce supervisory skills among its regulatory and supervisory staff both at entry level and on a continuous basis.
• This was done to facilitate the development of unified and focused supervision by providing training and other developmental inputs to the concerned staff.
• The CoS will have a full-time Director supported by an Academic Advisory Council (AAC).
• The Cos will be headed by former deputy governor N S Viswanathan and will have five other members.
• The AAC will identify areas where skill building/up-skilling are required, plan and develop curricula of all programmes, benchmark the programmes with international standards/best practices, develop appropriate teaching methods, etc.
• The full-fledged operationalisation of the CoS will further contribute to effective oversight of the regulated entities by augmenting and ensuring a consistent quality of supervisory resources pool.