CRAs in GIFT City: From the Master Circular's New Liability Frontiers to Personal Accountability

In IFSC regime, accountability of CRA's has been increased manifold. The Master Circular has stamped that even contracts can't help CRA's to escape from negligence and intra trading trust breaches. Even no fine prints can escape CRA's from getting sued. Officer's accountability has also been fixed if they are not accurate or fair. To thrive these challenges CRA's need to document their decision-making procedures and to fix personal liabilities during system failures. This multifaceted liability framework will definitely help India to become a new and safe global financial hub.