BLOOMBERG/ASPER JUINEN
The Dubai Financial Services Authority (DFSA) has signed an extension to its MoU with the China Banking and Insurance Regulatory Commission (CBIRC).
The DFSA stated that the extended MoU provides a platform for both entities to share supervisory information as well as enhance co-operation in the field of banking and insurance regulation in order to ensure prudent operations of cross-border insurance organisations of mutual interest.
Bryan Stirewalt, the Chief Executive of the DFSA, said, “The Chinese banks operating in the DIFC constitute a significant presence in the Centre’s financial community, as such, the relationship between the CBIRC and the DFSA is critically important.”
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CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
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