<h1>IFSCA Enables BUs to Transfer Assets via Risk Participation Agreements, Boosting Foreign Currency Asset Risk in IFSCs.</h1> The International Financial Services Centres Authority (IFSCA) has authorized Banking Units (BUs) to transfer assets to and from other financial institutions, Indian residents, and non-residents using internationally recognized risk participation agreements. This method, prevalent in trade finance, involves bilateral contracts under standard documents like the Master Risk Participation Agreement (MRPA) by the Bankers Association for Finance and Trade (BAFT). The initiative aims to bolster foreign currency asset risk participation through BUs in International Financial Services Centres (IFSC) rather than relying on foreign banks.