The International Centre for Financial Regulation (ICFR) launched its activities in Asia by co-hosting a joint conference with The Brookings Institute and the Asian Development Bank of India (ADBI), addressing financial sector regulation and reforms in Asian emerging markets. Jointly with the Foreign and Commonwealth Office, the ICFR hosted an evening reception for members of the Indian financial community, formally launching the centre’s activities in the country. Subir Gokarn, deputy governor, Reserve Bank of India, delivered the keynote speech, highlighting the critical importance of identifying and implementing an optimal regulatory framework for India.
The dinner brought together high-level academics, policymakers and practitioners to discuss effective design of regulation and financial policy to promote financial system development and stability. The Asian launch evidences one of the key objectives of the ICFR: to promote co-operation and regulatory best practice in financial markets across the globe. Emerging markets are a key area of focus for regulators and the ICFR is working with participants in developing economies to encourage sound, sustainable regulatory frameworks.
Lord Currie of Marylebone, chairman of the board of directors of the ICFR, said: “A key objective of the ICFR is to identify research and training that highlights best practice in regulation. This launch is a demonstration of our commitment to working with Asian research and training establishments to forward this agenda.”
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