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ABU DHABI / WAM
The Board of Directors of the Central Bank of the UAE has reviewed the latest developments in the Transformation Programme aimed to achieve the bank’s objectives and develop the financial sector in the UAE, during its 10th meeting in 2016, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman
of the Board.
During the meeting, the board reviewed the Central Bank’s Q3 Report for the year 2016, presented by the Research and Statistics Department. The report covered international economic developments, domestic economic development, financial stability indicators, banking liquidity, and monetary reserves management. The board then reviewed the Monetary Operations and Reserves Management Department’s reports, which include the macro-prudential ratios of the banking sector, and liquidity indicators in the banking sector.