The Central Bank of the UAE released an update on the Financial Stability Council’s first Board meeting of 2025, which reviewed progress on implementing prior Board decisions and considered financial stability developments in the UAE and globally. The Board also discussed the Council’s 2025–2026 work programme and agreed to strengthen its technical capacity and thematic focus. A decision was adopted to establish a Technical Advisory Committee to oversee technical matters related to financial stability, alongside approval to form three working groups. These cover digital innovation, with a mandate to monitor market developments, assess risks and develop policy recommendations; non-bank financial intermediation, tasked with a comprehensive sector review to assess systemic risks and identify regulatory opportunities; and data development, focused on reviewing data management practices, recommending improvements and expanding financial stability data coverage. The meeting brought together senior representatives from the Central Bank of the UAE, the Securities and Commodities Authority, Abu Dhabi Global Market, the Dubai Financial Services Authority and the Ministry of Finance.
Central Bank of the UAE 2025-07-15
Central Bank of the UAE reports Financial Stability Council decision to establish a Technical Advisory Committee and three working groups
The Central Bank of the UAE announced outcomes from the Financial Stability Council's first 2025 Board meeting, including a Technical Advisory Committee and three working groups. These groups will focus on digital innovation, non-bank financial intermediation, and data development, aiming to monitor market developments, assess systemic risks, and enhance data management. The meeting included senior representatives from key financial and regulatory bodies in the UAE.