KC Chakrabarty, a deputy governor at the Reserve Bank of India, on January 16 said despite the overhaul of crisis management systems, central bankers and regulators must be prepared to manage the next crises.

"The increasing interconnectedness of global markets, economies and institutions have only added to the potential of a crisis anywhere in the world to trigger contagion in the rest of the world," Chakrabarty told attendees of the Programme on Crisis Preparedness in Interconnected Markets in