INTERNATIONAL: Abu Dhabi Global Market and the Banking Regulation and Supervision Agency of Turkey Sign MoU

Wednesday June 22 2016

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Banking Regulation and Supervision Agency of Turkey (BRSA) have entered into a Memorandum of Understanding (MoU) to co-operate and exchange supervisory and enforcement information, as well as foster the implementation of high regulatory standards in both jurisdictions. The MOU was signed on 17 June 2016.

The agreement provides a framework for BRSA and FSRA to render mutual assistance, exchange regulatory information and co-operate in supervision of cross-border establishments.

The MOU further enables proactive sharing of information of cross-border entities, providing technical assistance as well as facilitating knowledge sharing to strengthen high regulatory standards and practices in both jurisdictions.

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