Central Bank discusses Annual Report 2014

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Central Bank discusses Annual Report 2014

Central Bank discusses Annual Report 2014

(Abu Dhabi) – The Board of Directors of the Central Bank of the UAE has discussed during its 5th meeting for 2015 at the Central Bank – Abu Dhabi, the Annual Report 2014, which included local and international economic developments, financial stability indicators, bank liquidity, monetary reserve management and payment systems developments and, made the necessary decisions in this regard.
Chaired by Khalifa Mohammed Al Kindi, Chairman of the Board, the meeting was attended by Khalid Juma Al Majid, Deputy Chairman, Mubarak Rashed Al Mansoori, the Governor, as well as Board members; Younis Haji Al Khoori, Khalid Mohammad Salem Al Balama, Khalid Ahmad Al Tayer, Hamad Mubarak Buamim, Mohamad Ali bin Zayed Al Falasi, Deputy Governor, Saeed Abdullah Al Hamiz, Assistant Governor for Banking Supervision, Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability and a group of senior Central Bank staff.
The Board reviewed the draft of the revised Central Bank Law and made the necessary decision in this regard. It also reviewed a report on the results of the meeting of the Internal Steering Committee formed for the purpose of supervising Digital Payments Project and another report on the latest developments regarding ITD Strategy Development Project. The Board instructed the acceleration of the execution of the Project’s phases.
The Board also reviewed a report on the Crowd Funding System and made the appropriate decision in this regard.
(Courtesy WAM)