He directed the necessity of intensifying work to achieve the desired goals

Mansour bin Zayed chairs the Central Bank Board of Directors meeting

Mansour bin Zayed thanked the members of the Council for their efforts.

WAM

His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, chaired at Qasr Al Watan yesterday the regular meeting of the Board of Directors of the UAE Central Bank.

The Council reviewed the topics on the agenda, as it discussed the proposals of the Banking Supervision Department and took appropriate decisions regarding them, most notably looking at the profitability of banks, allocations and distributions for the year 2020, proposing and adopting new regulations, as well as enforcement procedures against some financial institutions that violate the instructions and regulations of the Central Bank.

The Board also reviewed and approved the proposed amendments regarding the framework of the macro-prudential policy, and approved the process of integrating the Insurance Authority into the organizational structure of the Central Bank, in addition to considering a development proposal related to the organizational structure.

His Highness Sheikh Mansour bin Zayed Al Nahyan thanked the members of the Council for their tireless and continuous efforts, directing His Highness on the need to intensify work in order to achieve the desired goals, in line with the aspirations of the leadership.

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