G. Gopalakrishna

Aliya Khan, BMO Financial Group

G. Gopalakrishna (Chapter Advisor) worked for Reserve Bank of India (RBI) and CAFRAL for over 37 years. As a career Central Banker, he worked in various capacities in various departments of RBI thus having all round experience as a Regulator and Supervisor. RBI in April 2014 appointed Gopalakrishna as Director, Centre for Advanced Financial Research and Learning (CAFRAL) promoted by RBI.

Gopalakrishna was Executive Director, RBI from October 2007 to April 2014 and was overseeing the Department of Banking Supervision, Dept. of Non-Banking Supervision, Department of Payment & Settlement System, Financial Stability Unit, Department of Communication, Dept. of Information Technology, and Foreign Exchange Department. He also headed the Deposit Insurance and Credit Guarantee Corporation (DICGC).

RBI had appointed him as the Chairman of Working Group (WG) on Information Security, Electronic Banking, Technology Risk management and Cyber Frauds in 2010 and the recommendations of WG was implement by RBI in April 2011 for all banks and financial institutions. The focus of the WG Report was on Information Security, Governance, Audit, BCP and cyber frauds.  The guidelines issued by the RBI based on the WG report has become an Industry Standard for banks and financial institutions. Gopalakrishna   also headed the Group which created RBS Rating Model which was accepted and incorporated by the High-level Committee on Re-designing the supervisory architecture of RBI in 2012. In 2013 RBI appointed him as Chairman, Inter-Regulatory Committee of the FSDC which recommended and created Legal Entity Identifier (LEI) in India.  He also led the RBI’s internal team which created the Large Credit Registry (CRLIC) in 2014. RBI in  2014 appointed him as the Chairman of the Committee on Capacity Building in Banks and Non-banks and the  recommendations of the Committee   was implemented by RBI/IBA in 2016 including implementing Certification in Credit Management, Risk Management, Treasury and Balance Sheet management.

As Director, CAFRAL    his main responsibility included creating Research teams and identifying areas of research and provide to RBI and various stake holders with research papers/inputs including visiting Economist from abroad. He was responsible for capacity building of the Senior Management including MD and CEOs, Board of Directors of the Banking and financial sector by organizing workshop/seminars/ conferences both in India and abroad.

He is currently Independent Director on few companies and Director, Risk and Compliance Professional Association (RCPA) a Section 8 Not-For Profit company set up for both on-line and classroom-based training in Risk management and Compliance.