Regulatory Alerts2019-07-18
Corporate Governance Regulation for Banks
The Central Bank of the United Arab Emirates issued this regulation to establish minimum corporate governance standards for all banks operating in the UAE. The framework mandates that boards of directors assume ultimate responsibility for governance, risk management, and internal controls to ensure bank soundness and financial stability. It further requires robust policies covering board composition, senior management accountability, related party transactions, and transparency aligned with international best practices.
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