- India and UK discussed strong global strategies to deal with cryptocurrency.
- The panel also addressed updates on Solvency II reforms in the UK.
On Wednesday, India and the UK discussed current affairs around crypto assets and emphasized the need for strong international strategies to address the risks involved. Participants from both countries provided updates on recent changes in their respective banking sectors at the second India-UK Financial Markets Dialogue, discussing banking trends and new vulnerabilities and risks in the industry.
The potential for mutual learning to advance knowledge of Central Banking Digital Currency (CBDC) was also investigated. Participants discussed global trends involving cryptocurrencies, the necessity of strong global strategies, and the G20 Roadmap’s progress.
Participants also discussed updates on Solvency II reforms in the UK. And a consultation on the implementation of an Insurer Regulation Regime (IRR) in the insurance sector.
