- The International Financial Services Centres Authority (IFSCA) has obtained membership in the International Association of Insurance Supervisors (IAIS). Due to this, IFSCA would have access to IAIS’s global network and would be able to exchange ideas and information with other global regulators.
- About IAIS,
- The International Association of Insurance Supervisors (IAIS) is a voluntary membership organization of insurance supervisors that was established in 1994. Its headquarter is in Basel, Switzerland. It is a type of non-profit organization under Swiss Civil Law.
- About IFSCA,
- The International Financial Services Centres Authority (IFSCA) has been established on 27th April 2020 under the International Financial Services Centres Authority Act, 2019. Its headquartered is in GIFT City, Gandhinagar (Gujarat).
Published On : 03 Dec 2020
Current Affair
