Dubai financial regulator signs MoU with Bahrain Bank
The Central Bank of Bahrain (CBB) has signed a Memorandum of Understanding (MoU) with the Dubai Financial Services Authority (DFSA).
The CBB said in a statement that the MoU provides a formal basis for “supervisory cooperation and mutual support” between CBB and DFSA.
The agreement aims to pave the way for sharing of information between the two regulatory authorities to strengthen the supervision of cross-border operations of financial institutions under their regulation, the statement said.
The MoU was signed by Rasheed M. Al Maraj, governor of CBB, and Saeb Eigner, chairman of DFSA.