The Central Bank of the UAE (CBUAE) and the Bank of Finland have explored ways to strengthen their partnership to enhance financial stability and promote advancements in financial technology.
HE Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), has welcomed Dr. Olli Rehn, Governor of the Bank of Finland (BoF), and his accompanying delegation to the CBUAE headquarters in Abu Dhabi. The meeting was attended by Assistant Governors and senior officials.
The visit highlights the unwavering commitment of both the CBUAE and the Bank of Finland to key areas such as financial stability, regulatory frameworks, green finance, and fintech development.
During the discussions, both institutions focused on strengthening cooperation and sharing insights on supervisory practices. They also explored opportunities to drive digital transformation and enhance cross-border payment systems, aiming to foster greater efficiency and innovation within their respective financial sectors.
HE Khaled Mohamed Balama Governor – CBUAE
“This visit reaffirms our shared commitment to strengthening international cooperation and exchanging expertise to promote financial stability and innovation. Through close engagement, we aim to establish robust regulatory and supervisory frameworks, accelerate digital transformation, and enhance cross-border payment systems that underpin sustainable economic growth and resilience for both nations.”
According to the reports, this collaborative effort aims to leverage the strengths of both institutions, ensuring greater resilience in the financial sector while fostering innovation in fintech development across their respective regions.
Dr. Olli Rehn, Governor of the Bank of Finland, stated that, “We value our dialogue with the Central Bank of the UAE as an opportunity to exchange insights and best practices in areas of mutual interest.”
“We both aim to build secure and future-proof financial systems that support sustainable growth and global stability. Our discussions covered financial stability, regulation, green finance, FinTech and good central bank governance,” Dr. Rehn added.
