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    Zayed Future Energy

    Zayed Future Energy Prize, the world’s foremost award for innovation in renewable energy and sustainability, has shortlisted over 40 submissions fro...
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    ITS wins award for m

    Reinforcing its credentials as the leading global provider of Islamic banking solutions, International Turnkey Systems (ITS) has been chosen for the s...
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    Toshiba launches Exc

    Toshiba Gulf FZE launches during GITEX Shopper the Excite AT7, the latest addition to Toshiba’s Excite series and an entry-level tablet packed with ...
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    Strengthening cooper

    In a move to exchange knowledge and experience in the field of geospatial information, authoritative mapping and topographic data, a delegation from t...
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Press Release

Zayed Future Energy Prize review committee shortlists submissions for 2014 awards

Members of the Prize’s Review Committee, comprising technical and academic experts, met …

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ITS wins award for most outstanding IT company at 10th Kuala Lumpur Islamic Finance Forum

“This award is a further validation of our customer-centric business model which …

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Toshiba launches Excite AT7 Tablet at GITEX Shopper 2013

Designed to be a handy companion for consumers, the 7-inch Excite AT7 …

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Analysis

Abu Dhabi Global Market forms expert panel of 16 international financial institutions to support the development of new regulatory framework

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, announced that its Pre-Open Market Consultation is underway and that ADGM has formed an expert panel of 16 leading international financial institutions to support the development of the draft regulatory framework, which will govern the operations of institutions licensed to operating from ADGM.

Guidance and input from members of the expert panel, which so far includes senior representatives from National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, First Gulf Bank, Mubadala Development Company, ADS Securities, Goldman Sachs, J.P. Morgan, HSBC, Standard Chartered, Pacific Investment Management Company) PIMCO (Lazard, Credit Suisse, International Swaps and Derivatives Association (ISDA) and Man Group, will be instrumental in tailoring the regulations to be adopted by ADGM to ensure that they create an environment to attract global players in the financial industry.

Ahmed Ali Al Sayegh, Chairman of ADGM, said: “The Pre Open Market Consultation process is a major step in preparing Abu Dhabi Global Market to receive its first licence applications from financial institutions in 2015. Consultation and collaboration are at the core of ADGM’s ambition to become a global financial centre and we are delighted to be working with our panel of renowned global financial institutions to ensure that when ADGM launches, it will offer a regulatory regime that provides maximum support and protection for business and is also completely compatible with the leading financial centres in the world.”

ADGM will be a broad based financial services centre which will, …

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