UAE Central Bank, Hong Kong Monetary Authority boost financial cooperation – Gulf Today
- Date: 31-May-2023
- Source: Gulftoday.ae site:gulftoday.ae
- Sector:Financial Services
- Country:UAE
UAE Central Bank, Hong Kong Monetary Authority boost financial cooperation – Gulf Today
Top officials pose for a group photograph in Abu Dhabi. WAM
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) held a bilateral meeting in Abu Dhabi to enhance collaboration between the financial services sectors of the two jurisdictions.
During the meeting, the CBUAE and the HKMA discussed a number of collaborative initiatives and agreed to strengthen cooperation in three major areas including financial infrastructure, financial market connectivity between the two jurisdictions and virtual asset regulations and developments.
In addition, the two central banks facilitated discussions between their respective innovation hubs on joint fintech development initiatives and knowledge sharing efforts.
A joint working group led by the CBUAE and HKMA, with support from the relevant stakeholders of the two jurisdictions’ banking sectors, will be formed to take forward the agreed initiatives.
Following the bilateral meeting, the two central banks, joined by
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