In further developing a sound and progressive financial services sector in Abu Dhabi, ADGM aims to establish a robust, well-regulated and enduring financial market that is aligned with international standards and best practices of global financial centres such as London, Hong Kong and Singapore.
To achieve its goal, ADGM is committed to bolster the competitiveness and dynamism of financial institutions, as well as, the efficiency of the financial markets through a risk-based and outcome-focused regulatory philosophy.
“We are committed to developing a vibrant, dynamic and sound international financial services centre. ADGM will be underpinned by best-in-class regulatory framework that is benchmarked against international standards and practices and a regulatory agency that is recognised for its professionalism and engagement with domestic and international stakeholders." - Richard Teng, CEO, Financial Services Regulatory Authority
As an international financial centre, strategically positioned in the growing economies of the Middle East, Africa and Asia, ADGM will be an open platform which provides a wide spectrum of services covering banking, insurance, wealth management, asset management and capital market activities. In addition, ADGM will support global efforts by enacting anti-money laundering and counter-terrorism financing legislations.
Through regular and close engagement with all stakeholders of its marketplace, ADGM is determined to promote soundness of financial institutions, facilitate innovation and entrepreneurship, encourage efficient risk management and garner investors’ confidence through fair-dealings. ADGM will continue to work closely with stakeholders and market participants to identify strategies and implement initiatives to further enhance its financial services sector.
In its approach to regulation and supervision, ADGM's FSRA adheres to a set of clear regulatory objectives that is underpinned by inclusive guiding principles.
The ADGM Financial Services Regulator’s role and responsibility are underscored by Abu Dhabi Law No. 4 of 2013. This Law allows the regulatory framework to be responsive to market conditions and regulatory development.