IFSCA executes MoU with the Reserve Bank of India (RBI)

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..... IFSCA executes MoU with the Reserve Bank of India (RBI)
News and Press Release
Dated:- 16-11-2022

The International Financial Services Centres Authority (IFSCA) and the Reserve Bank of I .....

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..... ndia (RBI) have entered into a Memorandum of Understanding (MoU) for collaboration in the field of regulation and supervision of regulated entities in their respective jurisdictions. The MoU facilita .....

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..... tes technical cooperation and exchange of information. The IFSCA, being a unified regulator responsible for development and regulation of financial products, financial services and financial institut .....

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..... ions in the International Financial Services Centre(s) (IFSC) established in India, is, inter-alia, entrusted with the responsibility of regulation and supervision of authorized banks and non-banking .....

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..... financial institutions operating in such IFSCs. The RBI is the central bank and monetary authority of India carrying on, inter-alia, the regulation and supervision of banks and non-banking financial .....

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..... institutions as well as undertaking other functions and exercising powers in accordance with various statutes The MoU opens up avenues for cooperation between the two regulators, thereby strengtheni .....

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..... ng the safety, stability and soundness of respective financial ecosystems and nurturing environments conducive to optimal business development and economic growth.
News - Press release - PIB .....

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