Tag: CBUAE
CBUAE progresses in compliance function and risk management
The Central Bank of the UAE (CBUAE) conducted the first Compliance Officers Forum to discuss the expectations from compliance function and banks’ risk management...
CBUAE initiates procedures towards Insurance Authority merger
The Central Bank of the UAE (CBUAE) has started the process of taking over the supervision and regulation of the insurance sector in the...
CBUAE launches M-Bills to replace existing traditional certificates of deposit
The Central Bank of the UAE (CBUAE) has unveiled a new securities issuance program named Monetary Bills (M-bills) for licensed financial institutions and eligible...
UAE spents $105bn for economy to tackle pandemic crisis
The UAE has released more than $105 billion (Dh388 billion) in economic support packages to effectively combat the COVID-19 pandemic losses.
The government set up...
CBUAE’s new rules facilitate license issuance to digital payment providers
The Central Bank of UAE's new rules for Stored Value Facilities (SVF) will facilitate the issuance of licenses to organizations that offer such service...
CBUAE to extend TESS package until 2021
Central Bank of the UAE (CBUAE) will be extending the validity of its Targeted Economic Support Scheme (TESS) economic stimulus package till 30 June...
CBUAE sets deadline for mandatory registration of Hawala providers
Central Bank of the UAE (CBUAE) has instructed non-registered Hawala suppliers operating in the UAE to register for a Hawala supplier certificate before 2nd...
CBUAE unveils new regulations to improve digital payments
UAE's apex bank, the Central Bank of the UAE (CBUAE) has introduced new regulations for Stored Value Facilities (SVF) in the country's financial landscape.
Stored...
