Tag: uae central bank complaint
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UAE Central Bank to introduce Monetary Bills
The Central Bank of the UAE (CBUAE) announced on Monday that effective 11th January, 2021, a new securities issuance programme to licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced. These securities will be auctioned and traded through Bloomberg’s primary and secondary market solutions and settled through a local platform, compliant ... -
UAE Central Bank to merge with Insurance Authority
Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the United Arab Emirates, Prime Minister and Ruler of Dubai, announced today, Saturday, that his government has taken a decision to merge the Insurance Authority with the Central Bank. Sheikh Mohammed said in a tweet on Twitter: “Today we issued a decision to merge the Insurance Authority with ... -
UAE Central Bank launches new regulations regarding reserve requirements
The introduction of these regulations represents the second step towards implementation of the new Dirham Monetary Framework announced earlier this year. ABU DHABI – The Central Bank of the UAE, CBUAE, announced today that, effective 28 October 2020, it will introduce new regulations regarding reserve requirements for deposit-taking licensed financial institutions. The introduction of these regulations ...
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