Office Address
123/A, Miranda City Likaoli Prikano, Dope
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+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
India
and the UK held the second meeting of the India-UK Financial Markets Dialogue
in London today 19 April. Both sides welcomed holding the first in-person
financial dialogue since 2017.
The
Dialogue was led by senior officials from the Indian Ministry of Finance and HM
Treasury, with participation from Indian and UK independent regulatory
agencies, including the Reserve Bank of India (RBI), the Securities and
Exchange Board of India (SEBI), International Financial Services Centre
Authority (IFSCA), Insurance Regulatory and Development Authority of India
(IRDAI), the Bank of England, and the Financial Conduct Authority. Delegates from
India and the UK shared views on issues in their respective areas of
responsibility and possibilities of collaboration in evolving fields of
financial regulation.
The
Dialogue focused on six themes: (1) Banking; (2) Payments and Cryptoassets, (3)
Insurance and reinsurance, (4) Capital Markets (5) Asset Management, and (6)
Sustainable Finance.
Following
the government-to-government discussion, private sector partners were invited
to the discussion, led by the co-chairs of the India-UK Financial Partnership
(IUKFP), MrBill Winters and MrUdayKotak.
Participants
identified emerging areas for collaboration including knowledge exchange on
regulatory frameworks for pension funds (PFs) in respective countries…
Following
the government-to-government discussion, business leaders from the India-UK
Financial Partnership (IUKFP) were invited to the discussion. Both governments
welcomed the appointment of MrBill Winters CBE, Group Chief Executive of
Standard Chartered, as the new UK Chair of the IUKFP alongside MrUdayKotak,
Managing Director & CEO Kotak Mahindra Bank, as India Chair. Participants
also thanked M rDavid Craig for his role as UK Chair from 2020-2023.
Participants
then welcomed leaders of the IUKFP to present their recommendations on the
UK-India financial services relationship.
Financial Cooperation is one of the key elements of the 2030 Roadmap adopted during the 2021 meeting of the two Prime Ministers. Both countries agreed there is significant scope for strengthened financial services cooperation between India and the UK, and agreed to hold the next Financial Markets Dialogue in India in 2024.
