ABU DHABI, 28th April, 2014 (WAM) -- The Central Bank of the U.A.E. today signed a Memorandum of Understanding (MoU) with Abu Dhabi Global Market aimed at cooperation and exchange of information.
Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank and Ahmed Ali Al Sayegh, Chairman of Abu Dhabi Global Market, signed the MoU. The MoU puts in place a mechanism for cooperation in regulatory matters and supervision of banks and other financial institutions operating in both jurisdictions, and the exchange of supervisory information, in line with the Bank for International Settlements Home-Host information sharing, which would contribute to the realisation of a sound financial system in the U.A.E. and Abu Dhabi Global Market, according to a statement from the Central Bank. This MoU also touches upon cooperation in training and developing of performance of staff.Copyright Emirates News Agency (WAM) 2014.
