ADGM launches e-KYC utility project with consortium of Key UAE financial institutions LeapRate

February 07, 2018 BY Valentina Kirilova

ADGM launches e-KYC utility project with consortium of Key UAE financial institutions

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, today announced the initiation and development of an electronic-Know-Your-Customer (e-KYC) utility in close collaboration with a key team of the UAE’s largest financial institutions. This initiative follows the first Regional Regulators’ Roundtable for MENA regulators hosted…

January 08, 2018 BY Valentina Kirilova

ADGM and Bahrain Economic Development Board sign region’s first MENA FinTech agreement

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Bahrain Economic Development Board (EDB) announced that they have entered into a Fintech cooperation agreement, marking a significant first in the MENA region. Signed between two of the leading MENA Fintech hubs, the agreement represents a leap forward in promoting the…

January 03, 2018 BY Valentina Kirilova

ADGM introduces enhanced prudential regime for investment firms and banks

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published and ‘goes live’ with a number of enhancements to its “Prudential – Investment, Insurance Intermediation and Banking” (PRU) Rulebook. This follows a successful public consultation which completed on 7 December 2017. The new enhancements cover the prudential supervision of banks, insurance…

December 12, 2017 BY Valentina Kirilova

CNBC unveils plans for Middle East Headquarters in Abu Dhabi

CNBC, the business and financial news network, today unveiled plans for a Middle East Headquarters in the heart of Abu Dhabi, the Capital of the United Arab Emirates. The network will begin broadcasting from a new studio at Abu Dhabi Global Market (ADGM), the international financial centre of Abu Dhabi, in the first quarter of…

July 18, 2017 BY Valentina Kirilova

CySEC and FSRA of Abu Dhabi Global Market sign MoU

The Cyprus Securities and Exchange Commission (CySEC) announced that has recently signed a bilateral Memorandum of Understanding and Cooperation (MoU) with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi. The MoU was signed by Mr Richard Teng, Chief Executive Officer of the FSRA of…

IOSCO issues statement on liquidity risk management recommendations for investment funds

February 13, 2017 BY Valentina Kirilova

IOSCO recognises ADGM as fully compliant with international standards of cooperation and enforcement

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has become a full signatory of the IOSCO Multilateral Memorandum of Understanding (MMoU) after the IOSCO team of international experts assessed ADGM as fully compliant with the international benchmark for effective cross-border cooperation. The IOSCO MMoU provides a global framework for enforcement co-operation…

November 28, 2016 BY Valentina Kirilova

Abu Dhabi Global Market and FinanceMalta sign MoU on bilateral cooperation

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and FinanceMalta (FM), the organisation responsible for the development of Malta’s financial centre, have signed a Memorandum of Understanding (MoU) to enable further collaboration on joint initiatives and efforts to bolster the growth of the financial markets in both Abu Dhabi and Malta.…

November 14, 2016 BY Valentina Kirilova

Abu Dhabi Global Market reinforces its commercial courts with new Judges

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced the appointment of the Hon. Sir Michael Burton and the Hon. Sir Andrew Smith as Judges to Abu Dhabi Global Market Courts (ADGM Courts). The new Judges bring to a total of eight the number of highly experienced and respected judges appointed…

July 18, 2016 BY Valentina Kirilova

Abu Dhabi Global Market and China Securities Regulatory Commission Sign MoU

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the China Securities Regulatory Commission (CSRC) entered into a Memorandum of Understanding (MoU) to facilitate cross-border activities and enhance regulatory collaboration between the two jurisdictions. The MOU provides a framework to provide assistance, exchange regulatory information and co-operate in the supervision…

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