Regulatory policy

IFSCA and IIM Ahmedabad sign MoU for policy research in financial areas

IFSCA and IIM Ahmedabad sign MoU for policy research in financial areas

New Delhi:

The International Financial Services Centers Authority (IFSCA) and the Indian Institute of Management Ahmedabad (IIMA) on February 10 signed a Memorandum of Understanding for cooperation and collaboration in conducting policy-based research on evidence to aid policy formulation and encourage research in emerging financial areas.

As part of this agreement, the two institutions will explore opportunities for research, consulting, training, internships and capacity building for policy analysis and development in the areas of finance and technological convergence, IIM Ahmedabad said.

“It will provide an ideal platform for two-way collaboration between IFSCA and IIMA, particularly in the areas of policy research, economic impact analysis, strategy management and emerging areas such as FinTech, climate finance, etc.,” Injeti Srinivas, Chairman, IFSCA mentioned.

Professor Errol D’Souza, Director of IIMA, said: “IIMA is excited to strengthen evidence-based policymaking and regulation to build a globally competitive financial center by India. This MoU will help lay the groundwork and provide impetus for targeted research and policy development related to financial markets within the overall economic framework.

The IFSCA is a statutory authority established under the IFSCA Act 2019, headquartered at GIFT City, Gandhinagar.

It was established with a mandate to develop and regulate financial products, financial services and financial institutions in the International Financial Services Centers (IFSCs).