NewKerala.com

Key Points

The UAE Financial Stability Council held its first 2025 meeting virtually, chaired by Mohamed bin Hadi Al Hussaini. Key discussions included financial stability reports and global market developments. The Board approved a Technical Advisory Committee and three specialized working groups. These groups will focus on digital innovation, non-bank financial intermediation, and data management.

Key Points: UAE Financial Stability Council Holds First 2025 Meeting Virtually

  • UAE Financial Stability Council reviews financial stability reports
  • New Technical Advisory Committee approved
  • Three working groups formed for digital innovation and data
  • Non-bank financial intermediation sector under review
2 min read

Board of Directors of Financial Stability Council hold first meeting of 2025

The UAE Financial Stability Council discussed financial stability, digital innovation, and regulatory updates in its first 2025 meeting chaired by Mohamed bin Hadi Al Hussaini.

"The Board adopted a decision to establish a Technical Advisory Committee to oversee financial stability matters. – Financial Stability Council"

Abu Dhabi, July 15

The Board of Directors of the Financial Stability Council held its first meeting of 2025 virtually, chaired by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs.

The meeting was attended by Board members, including Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE); Mohamed Ali Al Shorafa Al Hammadi, Chairman of the Securities and Commodities Authority; Ahmed Jasim Alzaabi, Chairman of the Abu Dhabi Global Market; Fadhel Al Ali, Chairman of Dubai Financial Services Authority; Younis Haji Al Khoori, Undersecretary of the Ministry of Finance; and Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at the CBUAE.

The Board reviewed the topics on the meeting's agenda and the progress of implementing decisions and directives issued by the Board, as well as reports from the relevant financial regulatory authorities concerning financial stability, developments of the local and global financial system, and the status of financial markets in light of current conditions.

The Board members also discussed the Financial Stability Council's work programme for 2025-2026, during which a decision was adopted to establish a Technical Advisory Committee responsible for overseeing technical matters related to financial stability. In addition, the formation of three working groups was approved.

The Digital Innovation Working Group, mandated to monitor market developments, assess risks, and provide policy recommendations aimed at safeguarding financial stability, while preserving the gains of digital innovation.

The Non-Bank Financial Intermediation Working Group, tasked with conducting a comprehensive review of the non-bank financial intermediation sector to identify and study the current situation, assess systemic risks, and identify regulatory opportunities.

The Data Development Working Group, responsible for reviewing data management practices, providing recommendations, and expanding the scope of data coverage related to financial stability. (ANI/WAM)

- ANI

Share this article:

Reader Comments

P
Priya N
The formation of three specialized working groups shows strategic planning. Hope RBI and SEBI in India take note of such structured approaches to financial oversight. Our regulators sometimes seem reactive rather than proactive.
A
Amit K
While this is impressive, I wonder how much of this is just bureaucratic meetings versus actual implementation. We've seen many such announcements in India that don't translate to ground-level changes for common people.
S
Shweta M
The Digital Innovation Working Group is a smart move! With crypto and digital payments growing rapidly, India needs similar focused groups to protect consumers while encouraging innovation. RBI should take inspiration from this model.
V
Vikram P
UAE's financial sector is growing at lightning speed! This meeting shows their systematic approach. Meanwhile in India, our financial policies keep changing every few months creating confusion for investors and businesses alike.
N
Neha R
The Data Development Working Group is crucial in today's world. Hope they focus on cybersecurity too. Indian financial institutions have faced many data breaches recently - we need stronger data protection measures.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50