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In recent years, the International Financial Services Centres Authority (IFSCA) has emerged as a game-changer in the world of global finance. The IFSCA was established in 2019 as a unified regulatory body for all financial services provided in the International Financial Services Centres (IFSCs) in India. Since its inception, the IFSCA has been instrumental in promoting financial inclusion and innovation, enhancing the ease of doing business, and creating a world-class financial ecosystem in India. In this blog, we will explore the impact of the IFSCA on the global financial landscape and the key role played by international financial services centres in shaping the future of finance. Introduction to the International Financial Services Centres Authority The International Financial Services Centres Authority (IFSCA) is a regulatory body that oversees the activities of the International Financial Services Centres (IFSCs) in India. The IFSCs are specially designated areas that prov...

The International Financial Services Centres Authority (IFSCA ) was established on April 27, 2020, under the International Financial Services Centres Authority Act, 2019. It is headquartered in GIFT City, Gandhinagar, in Gujarat. The IFSCA is a unified authority for the development and regulation of financial products, financial services, and financial institutions at the International Financial Services Centre (IFSC) in India. Before the establishment of IFSCA, the domestic financial regulators, namely, the RBI, SEBI, PFRDA, and IRDAI, regulated the business in IFSC. The establishment of IFSCA The dynamic nature of business in the IFSCs requires a high degree of inter-regulatory coordination within the financial sector. Thus, the IFSCA has been established as a unified regulator with a holistic vision to promote ease of doing business in the IFSC and provide a world-class regulatory environment. The primary objective of the IFSCA is to develop a strong global connection, focus o...

In today's interconnected world, cross-border trading finance has emerged as a game-changer, fueling seamless international trade transactions. As businesses venture into the global marketplace, a deep understanding of cross-border trading finance becomes indispensable, especially in the realms of supply chain finance and working capital management. Prepare to embark on an enlightening exploration as this captivating blog uncovers the hidden gems of cross-border trading finance, revealing its profound impact on international trade. With a laser focus on supply chain finance and working capital managemen t, we unravel the intricate web of possibilities, illuminating how astute businesses leverage cutting-edge digital platforms and financial services to unleash the full potential of their cash flow. Brace yourself for a thrilling journey where we unveil the secrets to optimising your competitive edge, propelling sustainable growth, and thriving in the dynamic global marketplace. ...