The Board of Directors of the “Bank” is briefed on the developments of the Emiratisation plan in the banking and “insurance” sectors

Mansour bin Zayed praises the Central Bank's efforts to ensure monetary and financial stability

Mansour bin Zayed while chairing the meeting of the Board of Directors of the Central Bank.

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

His Highness was briefed on the implementation of the next phase's plans, which are in line with the economic and future aspirations of the state.

His Highness Sheikh Mansour bin Zayed Al Nahyan praised the efforts of the Board of Directors of the Central Bank and its plans to ensure monetary and financial stability in the country, calling on His Highness to continue working to achieve the plans drawn for the development of the financial sector.

The Board of Directors of the Central Bank was also briefed on the developments of the Emiratisation plan in the banking and insurance sector, in cooperation with the Emirates Institute for Banking and Financial Studies, in accordance with the Central Bank’s proposals, and within the framework of activating its Emiratisation initiatives.

The meeting reviewed the report of the Supreme Sharia Council for the year 2021, which included a summary of its most important decisions, existing and future projects of the authority, and the steps it took to supervise and control committees, in addition to the level of commitment to the provisions of Islamic Sharia and its impact on the growth of Islamic finance.

The report of the Committee for the Resolution of Grievances and Appeals, which was established by Federal Decree-Law No. (14) of 2018 regarding the Central Bank and the regulation of financial facilities and activities and its amendments, was also reviewed.

During the meeting, the Board discussed the issues related to the banking and insurance sector in the Central Bank, and took the necessary decisions in this regard. It also reviewed the follow-up report on the implementation of the decisions and directives issued by the Board in its previous meetings.

The meeting's agenda also included a discussion of administrative and operational issues, and appropriate decisions were taken regarding them.

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