The Dubai Financial Services Authority (DFSA) has entered into a Memorandum of Understanding (MoU) with the Nederlandsche Bank (DNB) regarding co-operation and exchange of regulatory information.
The DNB is the Netherlands' financial regulator, responsible for safeguarding financial stability for the country and the supervision of financial institutions and the financial sector.
The MoU was signed by Paul Koster, Chief Executive of the DFSA, and Henk Brouwer, Executive Director of the DNB, following a visit to Sweden where the DFSA entered into another MoU with the Swedish Financial Supervisory Authority.
The signing of the MoU puts in place arrangements for co-operation and information-sharing between the two regulators. It recognises that both regulators rely on the quality of regulatory standards administered in the other’s jurisdiction. As a result of this signing the DFSA now has a bilateral and multilateral MoU network with 71 regulators across the globe.
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