The dialogue on financial markets between India and the UK looks at regulatory cooperation and sustainable finance

India and the UK discuss financial regulation and cooperation.During the India-UK Financial Markets Dialogue, six themes were discussed.

The second meeting of the India-UK Financial Markets Dialogue took place in London, with the goal of discussing the possibility of cooperation in financial regulation between the two countries. The primary focus of the India-UK financial markets dialogue was on six themes banking, payments, insurance, capital markets, asset management, and sustainable finance. Delegates from India and the United Kingdom discussed their respective areas of responsibility and identified emerging areas for collaboration, such as knowledge exchange on regulatory frameworks for pension funds and the development of social stock exchange ecosystems.

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Financial Markets Dialogue Between India and the UK Gains Private Sector Support

Following the discussion between the two governments, the co-chairs of the India-UK Financial Partnership (IUKFP) invited the private sector partners to take part in the discussion. The participants explored the potential for enhancing knowledge on Central Banking Digital Currency (CBDC) through mutual learning as they discussed recent developments in their respective banking sectors, including trends and emerging risks in the sector. The governments expressed their opinions on the relationship between the UK and India’s financial services and welcomed the appointment of new UK and Indian chairs of the IUKFP.

Opportunities for India-UK Financial Cooperation Are Provided by GIFT-IFSC

The focus of the meeting was on advancing the collaboration to investigate the opportunities offered by GIFT-IFSC in a number of areas, including reinsurance, sustainable finance, fund management, and capital markets for dual listing. The potential for using the asset management industry to promote more international trade and investment was discussed during the meeting. Participants decided to collaborate in the coming months to advance green cooperation, including by taking part in the Sustainable Finance Forum and the Economic and Financial Dialogue (EFD). Participants also discussed the proper regulation of ESG rating providers.