Chairman of the International Financial Services Centers Authority, Injeti Srinivas, has been invited to deliver a keynote address on “Policy Dialogue – Leading ESG Governance for the Financial Sector” at the Singapore Fintech Festival 2022 to be held in Singapore. He was joined in this policy dialogue by Nikhil Rathi, chief executive of the UK’s Financial Conduct Authority.
Co-founder and CEO of the Alliance for Innovative Regulation, Jo An Barefoot, moderated the policy dialogue. In the policy dialogue session on “Direction of ESG Governance for the Financial Services Sector”, a panel of global policymakers led by the IFSCA Chairman explained what strong and effective governance looks like and discussed the challenges operations related to its implementation.
The President also visited IFSCA Booth 4E39 at the Expo Hall no. His visit encouraged and motivated the IFSCA Fintech team who set up the IFSCA stand at the Singapore Fintech Festival 2022 exhibition and presented the unique positioning of IFSCA enabling and facilitating the unified positioning of the regulator for the creation of an ecosystem Robust fintech at India’s first International Financial Services Center (IFSC) at GIFT City Gandhinagar Gujarat.
Earlier, Mr. Ravi Menon, Chief Executive Officer of the Monetary Authority of Singapore (MAS) also addressed the SFF 22 Plenary. The IFSCA and the Monetary Authority of Singapore (MAS) earlier signed a MoU in August 2022 to enable the Fintech Bridge between the two world-class regulators to promote and create synergies for the fintech industry as a whole in Asia and beyond.
The International Financial Services Centers Authority (IFSCA) was established on 27 April 2020 under the International Financial Services Centers Authority Act 2019. Its head office is located at GIFT City, Gandhinagar in Gujarat.
Role of IFSCA
The IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions within the International Financial Services Center (IFSC) in India. At present, GIFT IFSC is the premier international financial services center in India. Prior to the establishment of the IFSCA, the national financial regulators, namely the RBI, SEBI, PFRDA and IRDAI regulated the activities of the IFSC.
Since the dynamic nature of business in IFSCs requires a high degree of cross-regulatory coordination within the financial sector, the IFSCA was established as a unified regulatory body with a holistic view to promote ease of do business in the IFSC and provide a world class regulatory environment. The main objective of IFSCA is to develop a strong global connection and focus on the needs of the Indian economy, as well as serve as an international financial hub for the entire region and economy. world as a whole.
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