Central Bank of the UAE
UAE names new central bank governor
President appoints deputy to top role as former governor resigns after one year in post
Financial market infrastructure services: Bloomberg
Bloomberg’s responsive deployment of new liquidity capabilities helped emerging-market central banks cope with pandemic market disruption
BIS and central banks partner to create CBDC ‘bridge’
Cross-border project will link up digital currencies of China, Hong Kong, Thailand and the UAE
People: new vice-governors in Burundi and the UAE
Plus appointments at the CFTC and Caribbean Development Bank
Central Bank of the UAE prepares to gain insurance powers
Insurance Authority is being merged into CBUAE as part of bid to become “top 10” central bank
Saudis and UAE say shared CBDC is technically possible
“Project Aber” shows DLT can be used to upgrade cross-border payments, central banks say
UAE central bank opens new fintech office
New office aims to attract international investors, central bank says
UAE steps up AML/CFT monitoring
New “smart” system forms latest cog in effort to stem illegal money transfers
UAE president replaces central bank governor
Veteran banker appointed shortly after central bank unveils large-scale emergency finance package
Central banks’ gold buying falls sharply in crisis
New Fed facility may further reduce incentives to buy gold, Hungarian official says
Central banks activate contingency plans amid Covid-19 pandemic
Rotating and remote team working aims to reduce contagion risk
UAE, Bahrain and Nambia team up to tackle money laundering
Common framework will help nations share and analyse AML/CFT data
UAE central bank launches fintech office
Central bank will look to establish a regulatory interface with the market as part of new fintech strategy and roadmap
Four Gulf states cut rates following Fed decision
Bahrain, Qatar, Saudi Arabia and UAE have currencies pegged to US dollar
UAE central bank hails new financial stability remit
Financial stability report notes NPL levels have risen, but banks are also making larger provisions
Arab regional payment system set for 2020 launch
The new system would replace the costly and inefficient correspondent bank model
UAE central bank and Sama partner for blockchain project
New system will provide central financial transfer system that aims to make the process of remittance payments more efficient
Central Bank of UAE enforces higher credit standards on cheque usage
Central bank has asked lenders to advise customers to use other methods of payment if possible
Basel III may be second-best outcome, admits Coen
Basel Committee secretary-general says framework could be strengthened; John Vickers renews calls for tougher capital standards
UAE central bank cuts cap on housing loans
Government carries out major increase in public spending
UAE government overhauls central bank law
Move is “significant step” to reinforce central bank’s independence, says governor
UAE plugs in to IMF’s enhanced data standards
IMF’s chief statistician hails the move as an “important step forward”
Saudi and UAE central banks freeze hundreds of bank accounts
Local sources say newly installed crown prince is moving against other senior royals
Renminbi direct payments make inroads in Middle East
The Chinese currency ranks first when the UAE and Qatar make direct payments to China and Hong Kong