On 3rd May 2016, Abu Dhabi Global Market (ADGM)’s Financial Services Regulatory Authority (FSRA) and the China Banking Regulatory Commission (CBRC) entered into a Memorandum of Understanding (MoU) to facilitate co-operation and the exchange of information that supports the exchange of regulatory information as well as the development of financial institutions in both jurisdictions.

The agreement provides a framework for FSRA and CBRC to render mutual assistance, exchange of relevant regulatory information, co-operate in the supervision and oversight of the compliance of financial institutions with applicable banking laws and regulations. Both authorities will also be able to leverage the MOU to explore and launch mutually beneficial initiatives such as joint training and technical assistance to strengthen the high regulatory standards and practice in their respective jurisdictions.

Click on the link above for further details.