back Back

UAE and Mauritius sign MoU to enhance Central Bank co-operation

By Leandra Monteiro

March 16, 2022

  • Bank of Mauritius
  • Cbuae
  • Collaboration
Share

CBUAE, UAE The Central Bank of the UAE (CBUAE) and the Bank of Mauritius (BoM) signed a Memorandum of Understanding (MoU) to enhance cooperation in key areas of central banking, and to share supervisory information.

The MoU covers four activities – co-operation on supervision, the exchange of supervisory information, developing aspects of financial issues of common concern, and co-operation on capacity building, training and technical assistance. The MoU was signed by His Excellency Khaled Mohamed Balama, Governor of the CBUAE, and His Excellency Harvesh Kumar Seegolam, Governor of the Bank of Mauritius.

Under this agreement, the CB UAE and BoM will exchange information during licensing processes, and ongoing supervision of banks and other financial institutions operating in both countries, in an effort to ensure effective cross-border supervision, while maintaining complete information confidentiality.

Both parties will also share experience on the stability and development of financial systems, the performance and development of payments systems, clearing and settlement systems, anti-money laundering and combatting the financing of terrorism and proliferation, cyber-security, and digital innovation in financial services. This includes digital currencies, FinTech regulation, private and digital banking, green finance, RegTech and SupTech, which will contribute to achieving the common interests of the two countries.

Commenting on the MoU signing, H.E. Khaled Mohamed Balama, Governor of the CBUAE, said, “We are keen to strengthen co-operation with our regional partners, including Bank of Mauritius, to achieve common goals in enhancing banking supervision, and exchanging the necessary information on other financial and banking fields to advance the interests of both parties to protect our financial systems.”

Previous Article

March 16, 2022

DTT Group launches DTTcoins Global Crypto Exchange

Read More
Next Article

March 16, 2022

Green Dot and Plaid partner to provide open finance solutions to GO2bank customers

Read More










IBSi Daily News Analysis

banking, customers,

December 02, 2022

Bank of Mauritius

Why are banking players flocking to Middle Eastern digital banks?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 02, 2022

5 FinTech tweets you should see!

Read More

December 02, 2022

Network International and American University of Sharjah collaborate to empower youth in the FinTech sector

Read More

December 02, 2022

Commerzbank selects PayTech Nexi for card processing solutions

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022