The Australian Securities and Investments Commission (ASIC) and India’s International Financial Services Centres Authority (IFSCA) have signed a MoU in Sydney to enhance bilateral regulatory cooperation. The agreement establishes formal mechanisms for mutual assistance and information sharing on supervisory practices, cross-border compliance, financial innovation, and enforcement frameworks. It also creates a platform for collaboration on emerging issues such as fintech, sustainable finance, and evolving global market structures.
This MoU reinforces India’s strategy of positioning the Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC) as a hub for innovation and global capital, while aligning with international regulatory standards through trusted partnerships.
Relevant question for policy stakeholders: How can India leverage the IFSCA–ASIC MoU to position GIFT City as a global financial hub while safeguarding stability in fintech and digital markets?
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https://www.asic.gov.au/about-asic/news-centre/news-items/australian-securities-and-investment-commission-signs-mou-with-the-international-financial-services-centres-authority/
