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The Central Bank of the United Arab Emirates (Arabic: مصرف الإمارات العربية المتحدة المركزي) (Central Bank of the UAE or CBUAE) is the state institution responsible for managing the currency, monetary policy, banking and insurance regulation in the United Arab Emirates. [2]
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
Khaled Mohammed Salem Balama Al Tameemi [1] is the current governor of the Central Bank of the United Arab Emirates (CBUAE). He has over 30 years of experience in the fields of banking, financial services, asset management, and investments.
This extension allowed banks and finance companies participating in the TESS to provide new loans and facilities to customers affected by the pandemic starting on January 1, 2021. As of December 2020, the TESS loan deferral program had already benefited over 310,000 retail customers, nearly 10,000 small and medium-sized enterprises , and more ...
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According to the 9/11 Commission Report, in response to concerns that the UAE banking system has been used by 9/11 hijackers to launder funds, the UAE adopted legislation giving the Central Bank in 2002 the power to freeze any suspected accounts for 7 days without prior legal permission. The report stated "banks have been advised to carefully ...
The Dubai Islamic Bank (DIB) fraud case was a case originally brought in 2008 that involved the alleged embezzlement of 1.8 billion Dirhams (approximately US$501 million or £330 million) by a group of six (originally seven) bank executives and expat businessmen over the period 2004-2007.
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