Central Bank Board Holds Fifth Meeting For 2019
Muhammad Irfan Published June 17, 2019 | 04:00 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 17th Jun, 2019) The board of Directors of the Central Bank of the UAE, CBUAE, held its fifth meeting for 2019 under the chairmanship of Hareb Masood Al Darmaki, the Chairman of the Board at bank's Head Office in Abu Dhabi.
The meeting reviewed Quarterly Financial System Surveillance Report for the Q1 2019, Macroprudential Stance Report for the Q1 2019 and Report on 2019 top-down stress testing results, presented by the Financial Stability Department. The reports covered developments with respect to the stability of the UAE banking and financial system.
The Board also reviewed Basel III- Pillar 2 Standard on the Internal Capital Adequacy Assessment Process carried out by banks, along with the Supervisory Review and Evaluation Process carried out by the Central Bank. The Board also reviewed a report on Corporate Governance in Banks Regulation, and approved the regulations.
Applications submitted by banks and other financial institutions operating in the UAE were reviewed and approvals were granted to applications that met their respective requirements.
The Board reviewed CBUAE Financial Statements for the first quarter ended 31st March. It also tackled the Central Bank’s First Quarter Report for the year 2019, presented by the Research and Statistics Department.
The report covered international economic developments, domestic economic developments, financial stability indicators, banking liquidity, the monetary aggregates and the Central Bank Balance sheet as well as developments in the interest rate policy and related interest rates compared to international interest rates.
The meeting was attended by Abdulrahman Saleh Al Saleh, Deputy Chairman of the Board, Mubarak Rashed Al Mansoori, the Governor, and Board members including: Younis Haji Al Khoori, Khaled Mohammed Salem Balama, Khalid Ahmad Al Tayer and Ali Mohammed Al Madawi Al Remeithi, Saif Hadef Al Shamsi, Deputy Governor and a group of senior CBUAE staff.
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago