Will the newly created In­ternational Financial Ser­vi­ces Centres Authority be the new boss of India’s financial markets?

Subhomoy Bhattacharjee wrote a piece in BS last week (30 July 2020).

He points how appointment of Injeti Srinivas as the head of In­ternational Financial Ser­vi­ces Centres Authority will create new power structure in Indian financial markets. The In­ternational Financial Ser­vi­ces Centres Authority Act makes it clear that none of the existing financial sector regulators – RBI, SEBI, IRDA etc – will have  a say in the IFSCA. At most they will have ex-officio status on the Board but that is a pity concession for the powers IFSCA and its head will enjoy.

Interesting…

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