The Board of Directors of the Financial Stability Council holds its first meeting of 2025
Abu Dhabi, July 15 / WAM / The Board of Directors of the Financial Stability Council held its first meeting of the year 2025, chaired by His Excellency Muhammad bin Hadi Al -Husseini, Minister of State for Financial Affairs.
According to a press release issued by the Central Bank today, the meeting was attended by members of the Board of Directors, His Excellency Khaled Mohamed Balma, Governor of the United Arab Emirates Bank, His Excellency Muhammad Ali Al -Shurafa Al Hammadi, Chairman of the Securities and Commodities Authority, His Excellency Ahmed Gawsam Al -Zaabi, Chairman of the Abu Dhabi Global Market, Fadel Al -Ali, Chairman of the Dubai Financial Services Authority, His Excellency Yunus Haji Al -Khoury, Undersecretary of the Ministry of Finance, and His Excellency Ibrahim Obaid Al -Zaabi, Assistant Governor of the Central Bank, Monetary Policy and Financial Stability Sector.
The Board of Directors reviewed the topics on the agenda of the meeting, the course of implementation of decisions and directives issued by the Board of Directors, and reviewed the reports of the financial control authorities concerned with financial stability, the developments of the local and global financial system, and the conditions of financial markets under the current circumstances.
The members discussed the program of the Financial Stability Council for the year 2025-2026, where the decision to form a technical committee has been approved its tasks to supervise technical matters related to financial stability, in addition to adopting the formation of three work teams that include: the “digital innovation” team is charged with monitoring market developments, evaluating risk, and providing recommendations related to policies to protect financial stability while maintaining the gains of digital innovation, and the mediation team Non -banking finance “is concerned with a comprehensive review of the non -banking financial brokerage sector with the aim of identifying and studying the current situation, assessing regular risks, identifying control opportunities, and” data development “team and will undertake the tasks of reviewing data management practices to provide recommendations and increase the scope of data coverage related to financial stability.
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