GG News Bureau
Gandhinagar, 14th Dec. The third edition of the India-UK Financial Markets Dialogue (FMD) was hosted on December 12, 2024, in GIFT City, Gujarat, by the Department of Economic Affairs, Ministry of Finance, India.
Senior officials from India’s Ministry of Finance and HM Treasury in the UK led the dialogue, alongside regulatory agencies including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Financial Conduct Authority (FCA), among others.
The meeting reviewed progress since April 2023 and explored synergies between India’s financial sector strategy and the UK’s growth initiatives. Discussions spanned key sectors such as capital markets, insurance, pensions, FinTech, sustainable finance, and advancements in India’s International Financial Services Centre (IFSC) at GIFT City.
Highlights included reforms in insurance and pensions, collaboration on FinTech innovations like Central Bank Digital Currencies (CBDCs), and efforts to strengthen sustainable finance frameworks. The dialogue underscored mutual goals of fostering cross-border investments, enhancing bilateral trade, and addressing frictions to unlock commercial opportunities between the two nations.
Participants agreed on actionable steps for future cooperation, with the next meetings of the India-UK FinTech Joint Working Group and Sustainable Finance Forum scheduled for early 2025.
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