The Central Bank of the UAE (CBUAE) signed a Memorandum of Understanding with the Central Bank of the Republic of Azerbaijan (CBAR) to strengthen cooperation and the exchange of expertise and information on matters of shared interest across the financial sector. The MoU covers information exchange on supervisory and regulatory best practices, licensing processes for banking and insurance businesses, and services related to payments and financial infrastructure systems. It also provides for deeper technical cooperation through training and knowledge exchange, including joint studies and research and working visits, with both governors highlighting cooperation on financial services development and digital payments.
Central Bank of the UAE 2025-05-26
Central Bank of the UAE signs information-sharing and supervisory cooperation MoU with the Central Bank of the Republic of Azerbaijan
The Central Bank of the UAE signed a Memorandum of Understanding with the Central Bank of the Republic of Azerbaijan to enhance cooperation and exchange expertise in the financial sector. The agreement includes sharing supervisory and regulatory best practices, licensing processes, and services related to payments and financial infrastructure. It also promotes technical cooperation through training, joint studies, and research.