#Dubai regulator took 'appropriate' measures against Abraaj - The National

Dubai regulator took 'appropriate' measures against Abraaj - The National:

Dubai’s financial services regulator took “appropriate” measures against collapsed private equity company Abraaj Group, but communication was lacking and there needs to be tighter scrutiny of high-risk entities, the regulator's chief executive said.

“I think the actions we took were appropriate, but one of our lessons learnt is to better communicate our actions to the market, to address public concerns,” Bryan Stirewalt, chief executive of the Dubai Financial Services Authority, told The National, in his first interview to address market concerns over the Abraaj scandal. 


The DFSA, which regulates 500 companies registered at the Dubai International Financial Centre free zone, is preparing to introduce tougher policies with regard to corporate transparency and risk management.