Middle East Economic Survey

VOL. XLVII

No 37

13-September-2004

REGIONAL BANKING

Abu Dhabi Issues Law Setting Up Financial Supervision Bureau

Abu Dhabis Crown Prince, Shaikh Khalifah bin Zayid Al Nuhayyan, has issued a law establishing a financial supervision bureau (FSB) as an independent authority which will be entrusted with overseeing the financial behavior of various bodies in Abu Dhabi. Law 6 of 2004 stipulates that the FSB, which will report to the Crown Prince, will monitor local departments...