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Dubai financial regulator signs MoU with Bahrain Bank

Dubai financial regulator signs MoU with Bahrain Bank
  • Gary Robinson
  • 22 January 2018
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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.

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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.

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