Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Central Bank of the UAE Holds its 7th Board of Directors Meeting for 2018
 
Central Bank of the UAE Holds its 7th Board of Directors Meeting for 2018
Dubai, UAE, September 03, 2018:  The Board of Directors of the Central Bank of the UAE held its 7th meeting for 2018 at 9:30am on Sunday, 2nd September 2018, at the Central Bank Head Office – Abu Dhabi, under the chairmanship of H.E. Khalifa Al Kindi, the Chairman of the Board. The meeting was attended by H.E. Khalid Juma Al Majid, Deputy Chairman of the Board and H.E. Mubarak Rashed Al Mansoori, the Governor, and Board members; Their Excellencies Khalid Mohammed Salem Balama, Khalid Ahmad Al Tayer and Hamad Mubarak Buamim, as well as by H.E.Saif Hadef Al Shamsi, Assistant Governor and a group of senior Central Bank staff. 
 
The Board reviewed a memo regarding the Macro Prudential Policy stance report – Q2 2018, and instructed necessary action be taken in respect thereof.  The Board also reviewed a memo regarding Large Exposures- Credit Concentrations and instructed necessary action be taken in respect thereof.   
 
 The Board also reviewed applications submitted by banks operating in the UAE and approved the applications that fulfilled the conditions as per the law and / or applicable regulations for each individual activity.
 
The Board reviewed Central Bank’s Q2 Report for the year 2018 covering international economic developments, domestic economic developments, financial stability indicators, banking liquidity, monetary reserves management, and payment systems developments. 
 
The board instructed publication of the report on the Central Bank’s Website.
 
The Board also reviewed a memo regarding contributions to   the establishment of Gulf Payments Company, and latest developments in the GCC-RTGS System project and took appropriate decisions in this regard.  
 
The Board completed the discussion of the remaining topics listed on its agenda, as well as other topics, and took appropriate decisions. 
 
 
 


Posted by : Dubai PR Network Editorial Team
Viewed 10224 times
PR Category : Banking & Investments
Posted on : Monday, September 3, 2018  2:11:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : The Higher Sharia Authority at the Central Bank Held A Consu...
Next Story : The Central Bank warns consumers against disclosure of their...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
The Rado HyperChrome Ultra Light [12895-Views]
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators [12371-Views]
212 VIP Extra Limited Edition [11901-Views]
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And Hamilton a... [11694-Views]
The Valentine watch collection by Coach [11047-Views]
NuFACE launches in Bloomingdales and Harvey Nichols! [9229-Views]
Lenovo announces Lenovo Truscale™ Infrastructure Services – a consumption-based, as-a-serv... [7607-Views]
Chrono 4 Grande Taille Limited Edition - another classy reiteration of an iconic collectio... [7259-Views]
The Fall 2019 Michael Kors Collection Runway Show [7064-Views]
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, before moving... [6911-Views]
SPRING 2019: MEET ‘CECE' [6570-Views]
Lacoste Presents. 12. 12 Collection [5911-Views]
Create a Valentine's meal to remember with LG [5826-Views]
Airbus and Emirates reach agreement on A380 fleet, sign new widebody orders [5642-Views]
UAE supermarket chain Al Maya group to launch products from Woolworths Australia [5490-Views]
Valentines Day Gift Guide from Anker [5392-Views]
Is the runway ready for HONOR View20 Moschino edition - the season's most coveted luxe tec... [5374-Views]
Jaguar Land Rover expands Ingenium family with straight six-cylinder petrol engine [5106-Views]
Abu Dhabi University and Knowledge Group to participate in IDEX 2019 [4947-Views]
Okadoc helps UAE patients find a doctor and book an appointment online instantly [4758-Views]
Customs World develops RIISE: first of its kind leading-edge Customs platform [4746-Views]
Bentley launches World's fastest, most luxurious SUV [4721-Views]
Zayed University inaugurates largest Bloomberg Finance Lab in the Middle East [4587-Views]
Kasih Food Production Co. reveals its latest food innovation, Mezete, at Gulfood 2019 [4551-Views]
39 days shopping extravaganza brought grand success to 13 participating malls [4544-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories