Mumbai - An International Financial Centre

Mumbai - An International Financial Centre

4.11 - 1251 ratings - Source

Most financial services are now tradable across borders in an extremely competitive environment with buyers and sellers around the world having a choice of procuring services from competing international financial centres. The global international financial services (IFS) market in the 21st century is one in which competition is driven by rapid innovation in financial products, services, instruments, structures, and arrangements to accommodate and manage myriad requirements, risks and a ceaseless quest for cost reduction. Competitive advantage in IFS provision depends on seven key factors: - An extensive national, regional, global network of corporate and government client connections possessed by financial firms participating in an international finance centre - High level human capital specialized in finance, supported by a numerate labour force. - World-class telecommunications infrastructure - State-of-the-art IT systems - A well-developed, sophisticated open financial system - A system of financial regime governance that is amenable to operating on global 'best-practice' lines and standards - A 'hinterland advantage' in terms of either a national or regional economy (preferably both) whose growth is generating rapid growth in demand for IFS The Ministry of Finance, Government of India established a High Powered Expert Committee in 2006 to study the feasibility of India's entry into the global market for IFS and that of Mumbai becoming an IFC. The Committee's report analyses Mumbai's strengths and weaknesses in terms of the above seven key factors essential for the success of an IFC. The report strives to deliver a nuanced appreciation of the likely costs and benefits of the path to an IFC, based on an understanding of which policy-makers can make a reasoned choice.In some ways, quantitatively oriented finance companies find it easiest to leave the hub of conversations and move to venues ... and requiring analysis that could be done by human capital in Mumbai, Bangalore, Hyderabad, Chennai, Pune, etc. ... Increasingly, higher value processes are being outsourced to India such as the financial analysis of companies, stock market research, credit rating research, anbsp;...

Title:Mumbai - An International Financial Centre
Author: Ministry of Finance,
Publisher:SAGE Publications India - 2007-04-04

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.

Click button below to register and download Ebook
Privacy Policy | Contact | DMCA