Abu Dhabi Global Market, GIFT in financial services pact

Abu Dhabi Global Market, GIFT in financial services pact 

AHMEDABAD, FEB 27:  The Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) entered into an agreement with Gujarat International Finance Tec-City (GIFT-City) for closer collaboration in financial market activities. A Memorandum of Understanding (MoU) for the same was signed by Ajay Pandey, Director and Group Chief Executive Officer of GIFT SEZ, and Richard Teng, CEO of the Financial Services Regulatory Authority of ADGM. The MoU between ADGM and GIFT will provide a framework for exchange of views and expertise in the fields of banking, financial services and securities regulations of both jurisdictions(अधिकारक्षेत्र). It will also enable both organisations to explore(का पता लगाने) joint activities and training initiatives that will help develop human capital capabilities and foster greater growth in both financial markets. Commenting on the development, Richard Teng said: “With markets getting more interconnected and entities operating globally, ADGM is pleased (प्रसन्न) to partner the Gujarat International Financial Tec-City Special Economic Zone and work with its industry and regulators to increase cross-border opportunities for corporates and investors in Gujarat and Abu Dhabi.”