DFSA, Central Bank of Bahrain sign MoU

Dubai: The Dubai Financial Services Authority (DFSA) and the Central Bank of Bahrain signed a Memorandum of Understanding (MoU) to cooperate in the supervision and authorisation of firms operating in both markets.

“The DFSA places great importance on the relationships we have with our counterparts in the GCC. The signing of this MoU formalises arrangements for cooperation and information sharing between us,” Saeb Eigner, chairman of the DFSA.

“It underscores our shared commitment to maintaining the highest standards of supervision and the joint promotion of a stable financial services sector in our region,” Eigner said in a statement.