India-UK 2nd Financial Markets Dialogue: India-UK Financial Markets Dialogue is a platform for India and the UK to discuss issues related to financial markets and bilateral cooperation in this sector. India-UK 2nd Financial Markets Dialogue is also important for UPSC Prelims Exam 2023 and UPSC Mains Exam (GS Paper 2- international relations- bilateral relations b/w India and U.K).
Recently, India and the UK convened the second meeting of the India-UK Financial Markets Dialogue in London, with both parties expressing their pleasure in holding the first face-to-face financial dialogue in four years, since 2017.
The India-UK Financial Markets Dialogue is a platform for India and the UK to discuss issues related to financial markets and bilateral cooperation in this sector. During the 2021 meeting between the Prime Ministers of India and the UK, they adopted the 2030 Roadmap which includes Financial Cooperation as a crucial component.
Senior officials from the Indian Ministry of Finance and HM Treasury led the Dialogue, which involved the participation of independent regulatory agencies from India and the UK, including the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), International Financial Services Centre Authority (IFSCA), Insurance Regulatory and Development Authority of India (IRDAI), Bank of England, and Financial Conduct Authority.
During the meeting, representatives from the UK and India shared updates on recent developments in their respective banking sectors. They discussed various banking trends, emerging vulnerabilities, and risks in the sector.
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The India-UK Financial Markets Dialogue is a platform for India and the UK to discuss issues related to financial markets and bilateral cooperation in this sector.
The second meeting of the India-UK Financial Markets Dialogue was held recently, though the exact date has not been specified.
Senior officials from the Indian Ministry of Finance and HM Treasury led the Dialogue, which involved the participation of independent regulatory agencies from India and the UK, including the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), International Financial Services Centre Authority (IFSCA), Insurance Regulatory and Development Authority of India (IRDAI), Bank of England, and Financial Conduct Authority.
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