Collaborate "Abu Dhabi International" and"Azerbaijani Central" To enhance financial innovation
Abu Dhabi, July 17 / WAM / The Financial Services Regulatory Authority in Abu Dhabi International “ADGM” announced the signing of a memorandum of understanding with the Central Bank of the Republic of Azerbaijan, with the aim of enhancing cooperation and coordination in the fields of financial technologies and services, capital markets, and other related areas.
The Memorandum of Understanding allows the two parties to exchange experiences and information, organize training workshops, and cooperate in the field of research and field visits to see best organizational practices.
Emmanuel Guevanakis, CEO of the Financial Services Authority in Abu Dhabi International, said that the memorandum of understanding is an important step towards consolidating cooperation with the Central Bank of the Republic of Azerbaijan, where this agreement establishes solid foundations for exchanging knowledge and promoting innovation in the financial services sector, which supports the growth of capital markets and contributes to pushing the continuous development of the financial sector within the geographical scope of the two parties.
International partnerships are an essential pillar in Abu Dhabi’s global efforts to build a transparent financial system that is consistent with international standards.
Tzbi Kazimov, the governor of the Central Bank of the Republic of Azerbaijan, stressed the importance of this memorandum of understanding, saying: In an increasingly financial world, cooperation plays a vital role in enhancing innovation, enhancing organizational practices and contributing to the flexibility of our financial systems, and we look forward to fruitful cooperation that supports the growth of our financial sector and enhances regional and global financial stability.
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