Abu Dhabi Global Market wins international accolades

This is the second consecutive year that they are clinching these prestigious awards.

By Rahul Vaimal, Associate Editor
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Abu Dhabi Global Market - ADGM
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The Financial Regulatory Authority (FSRA) and the Policy and Legal team of Abu Dhabi Global Market, ADGM, have won two prestigious awards at the annual In-House Community Counsels of the Year Awards 2020. They have been awarded for their innovative and high-quality achievements.

“The team was awarded ‘In-House Community Best Practice Legal Teams of the Year in Financial Services’ and ‘In-House Community Best Practice Legal Teams of the Year in innovation’,” the international financial center said in a statement.

This is the second consecutive year that ADGM is winning the award. They were the recipients of three awards at the event last year.

The FSRA Policy & Legal Team won these awards, on their strengths and achievements of 2019. These accolades were decided based on a number of regulatory and legal milestones reached by the FSRA legal team throughout 2019. Some of those achievements include publishing frameworks for Digital Investment Management, Digital Banking, Digital Securities, Application Programming Interfaces and APIs, among many others.

Richard Teng, CEO
Financial Services Regulatory Authority – ADGM

“We are delighted to be recognized by industry leaders for the second year in a row in relation to our Policy & Legal Team’s efforts. This is a strong endorsement of ADGM’s thought leadership and innovation agenda as a leading international financial services regulator. We will continue to develop a world-leading regulatory framework that supports the needs of stakeholders and supports growth as well as innovation through the development of a vibrant financial services ecosystem.”

The awards which were conducted virtually by the organizers due to the pandemic honored many other winners including IBM Japan, Nestlé Middle East FZE, KPMG China, Baker McKenzie and Barclays Bank.

The In-house Community comprises over 20,000 in-house lawyers and is a supportive community of professionals that help in-house legal and compliance professionals meet their ethical, legal and business commitments and responsibilities within their organizations.