Mohammed applauds DFSA achievements

Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum met on Tuesday with the chairman and directors of the Dubai Financial Services Authority (DFSA) at its headquarters in the Dubai International Financial Centre. Sheikh Mohammed expressed satisfaction over DFSA’s attainment of a global position with international financial experts of reputation in its cadre. During the meeting, held in the presence of Dubai Crown Prince Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Sheikh Mohammed listened to a presentation of the major achievements of DFSA. The DFSA is the independent regulator of all financial and ancillary services conducted through the DIFC, a purpose-built free-zone in Dubai. DFSA Chairman Saeb Eigner said that the Authority could set up an international network of regulatory relations through the signing of agreements with over 115 entities across the world including Federal Reserve in USA, Financial Services Authority of UK and similar authorities in India, China, Japan and major EU countries. He pointed out that the existence of a regulatory and judicial authority characterised by independence and impartiality, coupled with attractive and reassuring work environment is one of the most important factors of success of the Dubai International Financial Centre and its reputation in the circles of international institutions.                                                                                                                                                                  From gulf today