Powered by

Board of UAE Central Bank suggests downgrading activities of some exchange houses for non-compliance

May 06, 2018 - CPI Financial

The statement did not name which exchange houses to which it was referring.

The Board of Directors of the Central Bank of the UAE held its third meeting of 2018 on Tuesday 1 May at the Central Bank Head Office Abu Dhabi, under the chairmanship of H.E. Khalifa Mohammed Al Kindi, Chairman of the Board, according to a statement from the Central Bank.

The Board also reviewed a number of reports presented by the Banking Supervision Department, and "instructed them to take necessary measur...