Continue reading on DataGuidance with:
Free Member
Limited ArticlesCreate an account to continue accessing select articles, resources, and guidance notes.
Already have an account? Log in
Create an account
Join our community for free to access exclusive whitepapers, reports, and regulatory information.
UAE: Central Banks of UAE and Iraq sign MoU to enhance cooperation on banking supervision
The Central Bank of UAE ('CBUAE') announced, on 12 December 2021, that it had signed a memorandum of understanding ('MoU') with the Central Bank of Iraq ('CBI') to enhance cooperation on banking supervision matters. In particular, the MoU covers three main areas, which include control and supervisory issues, exchange of supervisory information, and strengthening bilateral cooperation on the training of workers and upgrading professional skills, in addition to technical assistance and knowledge exchanges.
Notably, the CBUAE highlighted that information exchanges should take place during licensing processes and ongoing supervision of financial institutions operating in both countries, all while maintaining complete information confidentiality.
You can read the press release here.
Send us your Feedback!
Please let us know what you think of DataGuidance! It will only take 60 seconds and help us make the site better for you.
