Monday 26 August 2019

#UAE's FAB rejects #Qatar's financial regulatory authority allegations | ZAWYA MENA Edition

UAE's FAB rejects Qatar's financial regulatory authority allegations | ZAWYA MENA Edition:

Abu Dhabi's First Abu Dhabi Bank, FAB, today rejected allegations by the Qatar Financial Centre Regulatory Authority, QFCRA, that its branch in the Qatar Financial Centre had failed to provide appropriate financial disclosures.

The full text of an FAB statement issued today follows.

As stated previously, the allegations by the Qatar Financial Center Regulatory Authority, QFCRA, in the QFC Courts are entirely false, and First Abu Dhabi Bank, FAB, unequivocally denies them.

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