ADGM wins Best International Center EMEA for 4th consecutive year

ADGM wins Best International Center EMEA for 4th consecutive year

Abu Dhabi Global Market (ADGM) has been named the Best International Centre EMEA for the fourth consecutive year by Capital Finance International (CFI.co).

Driven by its robust regulatory ecosystem, ADGM aligns with Abu Dhabi’s economic goals and vision, bringing innovation, transformation and diversification to various key sectors by leveraging its strengths and introducing the progressive initiative. ADGM’s notable initiatives in 2022 have made it the fastest-growing international Finance Centre (IFC) in the Middle East.

In preparation for COP28, ADGM has begun to bolster guidelines and frameworks around sustainable finance, with a focus on environmental instruments and disclosures.

One such initiative has been the Financial Services Regulatory Authority (FSRA) of ADGM introducing an ‘environmental instrument’ as a class of financial instrument, an approach that has allowed carbon offsets to come under its regulatory umbrella. The innovative regulatory framework has allowed for the world’s first regulated voluntary carbon trading exchange and clearing house, AirCarbon Exchange (ACX), to be established within the IFC.

ADGM’s FSRA has also proposed a comprehensive sustainable finance regulatory framework, issued in November 2022, that provides a robust regulatory framework for sustainability-focused products and services, including rules on sustainability-orientated investment funds, managed portfolios and bonds. It also contains a framework for environmental disclosures