IFSCA signs MoU with RBI in the field of regulation, supervision of regulated entities

The International Financial Services Centres Authority, IFSCA and the Reserve Bank of India have signed a Memorandum of Understanding for collaboration in the field of regulation and supervision of regulated entities.

As per an official statement, the MoU facilitates technical cooperation and exchange of information. The agreement aims to strengthen the safety, stability and soundness of respective financial ecosystems, thereby ensuring conducive environments for optimal business development and economic growth.

While RBI is the central bank and monetary authority of India, the International Financial Services Centres Authority is a unified regulator responsible for development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (s), established across the country