IMA is finally here in India. RBI has issued guidelines for formal application process with respect to IMA. Banks now need to take a call whether they would like to go for IMA or continue with SMM. All of this depends on the individual bank's Business case, its existing infrastructure and its overall prepardeness for such migration.

• Riskpro can assist you with comprehensive documentation with respect to Market Risk (MR) File and Market Dossier.
• Riskpro can review existing Risk Governance and Policy/Process Documents and assist in enhancing these documents. For example: Governance, Policies etc.
• If you do want work done by experts, Riskpro can help you to connect with these experts.
• Riskpro can help you to build your Market Risk Team by providing recruitment services for permanent and short term staff requirements. Remember, Technology and models, although an important part of the IMA, are only a part of it. A lot of other things are still good governance and good risk management practices. RBI CIRCULAR ON IMA On 7 April 2010, RBI issued guidelines for migration to IMA and the application process. Download the RBI Guidelines from RBI Website