The UAE Higher Committee overseeing the crafting of laws to regulate the country’s financial sector on Wednesday adopted several recommendations aimed at insulating the country from any future global financial crises.
A committee meeting chaired by Shaikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, instructed a technical team to complete the task of reviewing the draft laws in preparation for submitting it to the cabinet for approval.
The committee discussed a number of topics on its agenda and reviewed previous resolutions issued by the federal government to address the effects and reduce the impacts of global financial crises by forming a temporary ministerial committee headed by the Minister of State for Finance, the Minister of Economy and the Governor of the UAE Central Bank.
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