Abu Dhabi: The Board of Directors of the UAE Central Bank held its first meeting for 2018 on 10th January at the Central Bank Head Office – Abu Dhabi, under the chairmanship of Khalifa Mohammad Al Kindi, Chairman of the Board. The meeting was attended by Khalid Juma Al Majid, Deputy Chairman, Mubarak Rashed Al Mansouri, the Governor, and Board members Younis Haji Al Khoori, Khalid Mohammad Salem Balama, Khalid Ahmad Al Tayer, Hamad Mubarak Buamim, as well as by Mohammad Ali Bin Zayed Al Falasi, Deputy Governor, Saif Hadef Al Shamsi, Assistant Governor and a group of senior Central Bank staff.
The Board discussed a feasibility study on the responsibilities of transformation management and transformation in the Central Bank, and took necessary decisions for achieving institutional transformation that is in line with highest international organisational levels.
The Board also reviewed a number of reports presented by the Banking Supervision Department, and gave instructions to take the necessary measures to protect banking system and promote its strength and stability. The Systems development unit of the Banking Supervision Department presented a detailed study on Basel III Standard related to Capital Supply and its legal aspects and the Board took necessary decision in this regard.