UAE furthers involvement in bank director appointments


New rules set to be released by the Central Bank of the United Arab Emirates will give the regulator the power to veto the selection of new members for the board of directors at national banks.

The National, a government-owned daily newspaper published in Abu Dhabi, reported that a circular was issued on Tuesday, telling lenders they would need to seek approval before appointing board members. "We are preparing a list of requirements [board members will have to meet] according to the circular,"

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: