Training the regulatory leaders of tommorow

02 June 2006

Dubai: The Dubai Financial Services Authority (DFSA) yesterday launched "Tomorrow's Regulatory Leaders", a training and development programme designed to create sustainable career opportunities for local nationals in financial services regulation.

The TRL training was launched by DFSA's Chairman, Dr Habib Al Mulla, and chief executive David Knott at the Emirates Towers Hotel.

"The DFSA aspires to develop a future generation of financial sector regulators from within this country," said Al Mulla.

He added, "We want the best possible grounding and training in this highly technical area, so that they attain regulatory credentials equal to those in the world's major capital markets."

Knott described TRL as a programme to transfer knowledge and expertise from experienced international regulators to young nationals.

Knott said: "In the world of regulation, I am not aware of any other programme that matches the commitment to knowledge transfer being made by DFSA's international regulators under TRL."

He added, "The young nationals will be equipped for long-term leadership positions as regulators in their own country."

Al Mulla presented certificates of induction to the first four TRL participants who will commence the programme in September.

He also announced that the DFSA will award two financial scholarships of Dh12,500 each year to undergraduates who are assessed as having outstanding potential for future participation in the TRL programme.

The winners of the first 2006 TRL scholarships, Fatema Al Redha and Bushra Al Roken, were presented with certificates and cheques by Al Mulla.