Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the National Bank of Serbia (NBS) signed a Memorandum of Understanding to strengthen regulatory cooperation for the supervision of financial institutions, facilitate collaboration and exchange of information as well as support cross border activities.
The MoU was signed by Ms. Jorgovanka Tabaković, Governor of the National Bank of Serbia (NBS) and Mr Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority (FSRA) of ADGM. The MoU establishes a strategic platform for ADGM and NBS to share relevant information and join efforts to maintain the well-functioning of the financial institutions in both markets.
Ms. Jorgovanka Tabaković, Governor of the National Bank of Serbia (NBS) said, “On behalf of the National Bank of Serbia, we would like to express our sincere appreciation for establishing constructive cooperation with Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) by signing the Memorandum of understanding (MOU) in the field of supervision of financial institutions. The MOU provides a framework for a regular exchange of information, consultation and cooperation between our two institutions. The National bank of Serbia (NBS) has entered into MOU with ADGM to gives its full contribution to intensifying mutual co-operation. NBS would further support cooperation in the economic and banking field between our two institutions and countries.
Also, we would like to thank once again, to all those who joined their efforts in ensuring successful completion of the consultation process regarding MOU and termination of the signing procedure.”
Mr Richard Teng, CEO, Financial Services Regulatory Authority of the Abu Dhabi Global Market said, “We are pleased to enter a new partnership with the National Bank of Serbia (NBS). This MoU reinforces ADGM’s on-going commitment to establishing meaningful collaborations with regional stakeholders to uphold high regulatory standards and mutually support cross-border activities. I look forward to both teams working closely together in areas including sharing regulatory expertise and insights to bolster the growth of financial services in both markets.”
ADGM will continue to cultivate meaningful cooperation and partnerships with authorities and stakeholders both locally and globally.