The meeting of the Board of Directors of the Financial Stability Council was presided over by His Highness Sheikh Mansour Bin Zayed Al Nahyan, who previously held the positions of Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Financial Stability Council.
The following individuals were present at the meeting: Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs; Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE); Mohamed Ali Al Shorafa, Chairman of the Board of Directors of the UAE Capital Market Authority; Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Global Market; Fadel Abdulbaqi Al Ali, Chairman of the Board of Directors of the Dubai Financial Services Authority; and Ebrahim Obaid Alzaabi, Assistant Governor for Monetary Policy and Financial Stability at the Central Bank of the United Arab Emirates (CBUAE).
In addition to receiving a briefing on the steps and actions taken in light of the recent developments, the Council also examined the implementation of the decisions and recommendations that were issued at its previous meeting. Additionally, the Council was updated on the progress that its working groups have made. This occurs as a result of the continued efforts that are being made to provide support for the stability of the financial system and to increase its resilience.
The Artificial Intelligence Plan was also examined by the Council. This plan intends to utilize new technologies to support the Council’s work, improve its capabilities in monitoring and analyzing threats, and anticipate future developments. As a result, the plan will assist in decision-making and improve operational efficiency.
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