DFSA signs MoU with Central Bank of Oman

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

The agreement is the third MoU signed by DFSA with a Central Bank in the Gulf and reflects the level of trust and confidence each Authority has for the other. In January, DFSA signed an MoU with the Central Bank of Bahrain to cooperate in the supervision and authorisation of firms operating in both markets. This builds upon an MoU signed with the Central Bank of the UAE in 2009.

DFSA has 103 bi-lateral MoUs with regulators globally, and five multilateral MoUs. The agreements reflect the continued need for regulatory cooperation in global financial markets.