The Asian Banker

BNM and Central Bank of the UAE to strengthen bilateral cooperation
Oct 21, 2013

October 10th 2013 - Bank Negara Malaysia announced today the signing of a Memorandum of Understanding with the Central Bank of the United Arab Emirates at the sidelines of the International Monetary Fund/World Bank Annual Meetings in Washington D.C. The Memorandum of Understanding was signed by Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia and His Excellency Sultan bin Nasser Al Suwaidi, the Governor of the Central Bank of the United Arab Emirates.

The Memorandum of Understanding provides the framework to further strengthen bilateral cooperation with the Central Bank of the United Arab Emirates for the development of enhanced financial services linkages between the two countries, including in the area of Islamic finance, to support and facilitate greater financial and economic ties between Malaysia and the United Arab Emirates.

Commenting on the signing, Governor Zeti said, "This Memorandum of Understanding provides further avenues for our central banks to work together in areas that will facilitate closer financial and economic linkages. I look forward to the cooperation and collaboration with the Central Bank of the United Arab Emirates in deepening our financial sector linkages."


Re-disseminated by The Asian Banker

Categories: Risk and Regulation
Keywords: BNM, Central Bank of the UAE

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