Dubai FSA updated several modules of its Rulebook and Sourcebook for financial institutions. The updated modules of the Dubai FSA Rulebook include Prudential—Investment, Insurance Intermediation, and Banking Module (PIB); Conduct of Business (COB); Collective Investment Rules (CIR); Fees (FER); Fund Protocol Rules (FPR); General (GEN); Glossary (GLO); and Markets Rules (MKT) modules. In addition, the updates to the Dubai FSA Sourcebook include the Application Forms and Notices Module, and Prudential Returns Module (PRU).
Keywords: Middle East and Africa, United Arab Emirates, Banking, Insurance, Securities, Rulebook, Sourcebook, Dubai FSA
Previous ArticleEU-US Insurance Forum in March to Focus on Cyber Risk and Insurtech
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards
The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.
The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.
The U.S. President Joe Biden signed an Executive Order, dated October 30, 2023, to ensure safe, secure, and trustworthy development and use of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.”
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The Network for Greening the Financial System (NGFS) published its latest set of long-term climate macro-financial scenarios (Phase IV) for assessing forward-looking climate risks.