The Reserve Bank of India (RBI) has signed a Memorandum of
Understanding (MoU) with the Central Bank of United Arab Emirates (UAE) on
Supervisory Cooperation and Exchange of Supervisory Information. It was signed
at Abu Dhabi, UAE by Saeed Abdulla Al Hamiz, Assistant Governor of Central Bank
of UAE and Meena Hemchandra, Executive Director of RBI. By signing the MoU, RBI
is seeking to promote greater co-operation and share supervisory information
among the authorities. So far RBI has signed 29 such MoUs, one Letter for Supervisory
Co-operation (LSC) and one Statement of Co-operation (SoC) in this regard.
EmoticonEmoticon