I had an interesting conversation this week with Elina Liehu, founder of Ferovalo located just outside Helsinki, Finland. As many of my European readers know, Nordic and Northern European countries have had more challenges building a freelance economy. For both cultural and economic reasons, in these countries (and the EU generally) there is more emphasis on full-time work, and government, unions, and employer organizations collaborate in ensuring equitable pay, worker protections, and higher levels of regular employment. Ferovalo is a good example of an increasing trend in the freelance revolution. The 1000 members of Ferovalo’s platform are, for the most part, “C” level executives. And, according to Liehu, demand is currently focused on interim managerial roles in finance. The platform is young and most members are currently based in Finland; however, platform membership includes many international professionals living in Finland and an increasing number of professionals outside Finland. While
The Expert Committee has been constituted by the IFSCA with an aim to suggest how to develop international retail business in International Financial Services Centre (IFSC) along with potential strategies for making IFSC attractive for international financial services; provide a roadmap for future growth of international retail business in IFSC; and also examine and recommend any other issues that are important in the development of the IFSC.
Speaking of the vision
Expert committee on financial services centres submits interim report on development of international retail business
An expert committee on the International Financial Services Centres Authority (IFSCA) submitted its report on international retail business development to the chairperson of the IFSCA.
According to a statement issued by the government, the interim report covers a number of suggestions aimed at swift and efficient development of international retail businesses in the international financial centres (IFSC), and focuses mainly on the banking vertical.
Other key business verticals like insurance, asset management, and
capital markets, would be covered in reports that the committee plans to release subsequently.
“Our focus is to provide a best in class jurisdiction with progressive and light touch regulation to create an attractive location for international financial services. Our vision is to establish GIFT IFSC as a Dominant Gateway for global financial flows into and out of India,