The Central Bank of the UAE and the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) signed a Memorandum of Understanding on 4 February 2016 to formalise a framework to enable ongoing cooperation on the supervision of banks and other financial institutions under both jurisdictions, exchange of relevant information and facilitate communication. The MOU was signed by H.E. Saeed Abdulla Al Hamiz, Assistant Governor for Banking Supervision of the Central Bank of the UAE and Richard Teng, Chief Executive Officer of ADGM Financial Services Regulatory Authority (FSRA), witnessed by witnessed by H.E Mubarak Rashed Khamis Al Mansoori, Governor of the Central Bank of the UAE and HE Ahmed Ali Al Sayegh, Chairman of ADGM.
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