As the world attempts to address the various challenges arising from the Novel Coronavirus (COVID-19), governments and financial services regulators have been making efforts to mitigate the effects of the pandemic on the economy and financial sector. Set out here is an overview of the measures taken and guidance provided by the financial services regulators in the United Arab Emirates (UAE) and overseas to address the financial markets and various regulatory concerns, including the:
- Dubai Financial Services Regulatory Authority (DFSA) of the Dubai International Financial Centre (DIFC);
- Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM);
- UAE Central Bank for the federal ‘onshore’ UAE banking sector; and
- Other international financial services regulators in the United States, EU, United Kingdom and Asia Pacific.
Should you have any queries or require any assistance, please do not hesitate to contact our UAE Financial Services Regulatory team.