Region: United Arab Emirates

Community round-up: turnover at the FCA, and new leadership in South Africa and Dubai

The FCA’s international executive director and interim COO Nausicaa Delfas has been named to head up the UK’s Financial Ombudsman Service, while South Africa’s FSCA and Dubai’s DFSA have both announced their new leadership.

23 April 2021

Lebanese banks sell Egyptian units amid capital requirements push

Freshfields, Baker McKenzie and Dechert are among the firms instructed in a pair of bank acquisition deals prompted by increased capital requirements from Lebanon’s central bank, with local banks Audi and Blom agreeing to sell off their Egyptian units.

25 January 2021

ADGM set to adopt UNCITRAL electronic transaction rules

The Abu Dhabi Global Market’s financial regulator has named a new chief executive, as the free zone consults on new UNCITRAL-based electronic transaction rules.

01 October 2020

Community round-up: hires at Simpson Thacher, Herzog, and Two Birds

Simpson Thacher & Bartlett is set to hire a partner from Clifford Chance in its London office; Israeli firm Herzog Fox & Neeman has hired an old hand from Bank Leumi; and Bird & Bird has tapped a Norton Rose Fulbright partner to lead its financial regulation practice in Dubai.

28 September 2020

Dubai to sync large exposures regime with Basel

Dubai’s financial services regulator has announced a brace of new proposals aimed at syncing its large exposures regime with international standards.

27 July 2020

Community round-up: New central bank chief in Ukraine; board changes at BoE and DFSA; Schellenberg Wittmer hire academic

Ukraine’s central bank has appointed a new governor after its previous head resigned over “systematic political pressure”; regulators in the UK and Dubai have announced board changes; and Swiss firm Schellenberg Wittmer has hired an of counsel in Geneva.

20 July 2020

Regtech race hots up with Saudi and UAE initiatives

The G20’s Saudi presidency has announced a “hackathon” competition for regtech providers, as the United Arab Emirates pilots a new AI-led licence review scheme.

29 April 2020

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