Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
ADGM FSRA Richard Teng

22677

Abu Dhabi Global Market and FinanceMalta sign MoU on bilateral cooperation

RELATED TOPICS​

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and FinanceMalta (FM), the organisation responsible for the development of Malta’s financial centre, have signed a memorandum of understanding (MoU) to enable further collaboration on joint initiatives and efforts to bolster the growth of the financial markets in both Abu Dhabi and Malta.

The agreement was signed in Abu Dhabi by Kenneth Farrugia, chairman of FinanceMalta and Richard Teng, chief executive officer of the Financial Services Regulatory Authority (FSRA) of ADGM. Emmanuel Mallia, Minister for Competitiveness and Digital, Maritime and Services Economy of Malta, was also present to witness the event.
 
The MoU establishes a strategic platform for ADGM and FM to share expertise and pertinent information on banking, financial services and products, securities legislation and regulatory practice in each market. As part of the agreement, ADGM and FM will explore mutually beneficial projects and activities that further develop human capital capabilities and foster greater growth in both financial markets.
 
Teng says: “This MoU marks an important development in our on-going engagement and collaboration with FinanceMalta. By harnessing our expertise and experience, financial institutions and companies can further expand their global footprints through ADGM’s internationally recognised platform. I look forward to the two teams working closely and playing our part in developing the financial services sectors in our respective markets, and supporting our businesses and stakeholders in achieving their growth plans.”
 
Farrugia says: “This MoU marks an important milestone in further strengthening our on-going collaboration with Abu Dhabi Global Market. This MoU will be an important catalyst in our thrust to strengthen the visibility and relevance of Malta as an EU based financial services domicile in the Gulf, and we are extremely delighted with this development. We are looking forward to working closely with ADGM to share our respective expertise in international financial services business with the end objective to foster closer collaboration between the financial services operators in our respective jurisdictions, and facilitate contacts for financial market stakeholders and financial delegations interested in the business potential of ADGM.”

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by