Dubai: The Dubai Financial Services Authority (DFSA) said it has entered into a Memorandum of Understanding (MoU) with Lebanon’s Capital Markets Authority (CMA).
The agreement will enhance information sharing and cooperation around supervisory issues, further extending the existing relationship between the two markets, the DFSA said in a statement.
Ian Johnston, Chief Executive of the DFSA, and Sami Saliba, Executive Board Member of the CMA, signed the MoU in the offices of the DFSA. The agreement also provides the foundation to facilitate the entry of some financial institutions into the Dubai International Financial Centre (DIFC) from Lebanon, through information-sharing.
“Building strong frameworks of cooperation with our regional peers has always been a strategic objective for us. We have MoUs in place throughout the GCC as well as in Egypt, Jordan and, through our MoU with the Banque du Liban [BDL] with Lebanon,” Johnston said.
