The Central Bank of the UAE has implemented formal regulations for restricted licence banks operating in the UAE. These regulations establish clear guidelines for restricted banks regarding permissible activities, capital requirements, governance standards, and other operational aspects. The new rules aim to strengthen oversight and ensure restricted banks conduct business safely and in accordance with international best practices.
Original Description:
Original Title
The Central Bank of the UAE Implements Formal Regulations for Restricted Licence Banks in the UAE
The Central Bank of the UAE has implemented formal regulations for restricted licence banks operating in the UAE. These regulations establish clear guidelines for restricted banks regarding permissible activities, capital requirements, governance standards, and other operational aspects. The new rules aim to strengthen oversight and ensure restricted banks conduct business safely and in accordance with international best practices.
The Central Bank of the UAE has implemented formal regulations for restricted licence banks operating in the UAE. These regulations establish clear guidelines for restricted banks regarding permissible activities, capital requirements, governance standards, and other operational aspects. The new rules aim to strengthen oversight and ensure restricted banks conduct business safely and in accordance with international best practices.
Licence Banks in the UAE Mark Brown - Partner - Banking and Finance / Projects m.brown@tamimi.com - Abu Dhabi Marianna Margaritidou M.Margaritidou@tamimi.com - Abu Dhabi, UAE