Central Banks of U.A.E. and Malaysia sign MoU for exchange of information and expertise

Central Banks of U.A.E. and Malaysia sign MoU for exchange of information and expertise
2013-10-11 10:53:00

WAM Abu Dhabi, 11th Oct. 2013 (WAM) — Central Bank of the U.A.E. announced that it has signed a Memorandum of Understanding (MoU) with the Bank of Negara Malaysia (Central Bank of Malaysia) on Thursday, 10th October 2013, in Washington D.C. at the margins of IMF/WB Annual meetings, aimed at cooperation, exchange of information and expertise, and training.

Sultan bin Nasser Al Suwaidi, Governor of Central Bank of the U.A.E., signed the MoU with Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia.

This MoU puts a mechanism to cooperate and exchange of information, which would contribute to the realization of a sound financial system in the U.A.E. and Malaysia.

The MoU was signed to emphasize the importance that Central Bank of the U.A.E. attaches to the subject of banking cooperation with international supervisory and monetary authorities.

WAM/TF

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