ADGM-FinanceMalta deal to boost financial markets

ABU DHABI / WAM

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and FinanceMalta, the organisation responsible for the development of Malta’s financial centre, signed a Memorandum of Understanding (MoU) to enable further collaboration on joint initiatives and efforts to bolster the growth of the financial markets in both Abu Dhabi and Malta. The agreement was signed in Abu Dhabi by Kenneth Farrugia, Chairman of FinanceMalta (FM), and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority of ADGM.
The MoU establishes a strategic platform for ADGM and FinanceMalta to share expertise and pertinent information on banking, financial services and products, securities legislation and regulatory practice in each market. As part of the agreement, ADGM and FM will explore mutually beneficial projects and activities that further develop human capital capabilities and foster greater growth in both financial markets. Speaking on the occasion, Teng said, “This MoU marks an important development in our engagement and collaboration with FinanceMalta.”