Abu Dhabi: UAE Central Bank Holds 5th MeetingSource: www.export-egypt.com 9/26/2017, Location: Middle East |
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The Board of Directors of the UAE Central Bank has held its 5th meeting under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board.
The meeting was attended by Khalid Juma Al Majid, Deputy Chairman, Mubarak Rashed Al Mansoori, the Governor, and Board members Younis Haji Al Khoori, Khalid Ahmad Al Tayer, Khalid Mohammed Salem Balama, as well as Mohamad Ali bin Zayed Al Falasi, Deputy Governor, Saif Hadef Al Shamsi, Assistant Governor and a group of senior Central Bank staff. The board also reviewed the Central Bank’s Q2 report for 2017, presented by the Research and Statistics Department. The report covered international economic developments, domestic economic developments, financial stability indicators, banking liquidity, and monetary reserves management. The attendees also reviewed applications submitted by banks and other financial institutions operating in the UAE, approving the applications that fulfilled the conditions as per applicable law and regulations for each individual activity. The board discussed draft regulations concerning financing companies, and approved the same after making some amendments thereto. The board also discussed draft regulations concerning banks governance, and took necessary decisions in this regard, in preparation for sending it to operating banks for consultation. The board discussed the printing of new quantities of some banknotes denominations to cover the currency needs for 2018, and the authority Matrix for the Banking Operations and Payment System Department, and took necessary decisions in this regard. The board approved the Higher Juristic Authority benefits and allowances, and instructed to take necessary actions in this regards. It reviewed other topics presented by different CB Departments like Internal Audit Department and Financial Control division, and took necessary decisions. |
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