UAE Banks Federation lays down regulations with aim of applying best practices | GulfNews.com:
"The UAE Banks Federation has succeeded in laying down the regulations of appointing legal banking experts, and is moving forward with their implementation in collaboration with the Central Bank, Ministry of Justice and other judicial authorities, according to a report yesterday.
The UAE Banks Federation efforts have yielded the signing of three memorandum of understanding (MoUs) on regulations of appointing legal banking experts in UAE, the official news agency, WAM, said.
“We are very keen to keep up with latest global developments and applying best international practices to improve the banking industry, and we are proud today with our continuous success not only in offering best solutions to major issues facing the banking sector, but also in our initiatives and proposals that contribute primarily in enhancing the banking industry and serving the economy and the society; and so, streamlining the legal banking experts profession is considered as one of the significant initiatives by the Federation,” Abdul Aziz Abdullah Al Ghurair, Chairman of UAE Banks Federation, was quoted as saying in the report."
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