The Dubai Financial Services Authority (DFSA) held its Annual Supervision Outreach Session last month to discuss key regulatory priorities and issues. The event brought together various speakers from the DFSA, the Compliance Officers Network Group (CONG), the Dubai International Financial Centre (DIFC) Authority and the DIFC Insurance Association. Over 200 participants attended the event, representing a sizeable percentage of the 418 Authorised Firms operating in the DIFC.
The event was opened by Mr Ian Johnston, Chief Executive of the DFSA, who provided an overview of the DFSA’s strategic themes, regulatory priorities and some of the current challenges faced by financial institutions and regulators.
The DFSA noted that one of its new priorities includes better understanding of the risks and opportunities posed by FinTech, in respect of which the DFSA aims to develop an appropriate regulatory response that balances the need to protect investors, without stifling innovation.
The event also provided an opportunity for the DFSA to provide an update on its current and future policy agenda; trends in recent enforcement actions; and current risks and issues in the wealth management, broking, banking and insurance sectors.
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Dubai Financial Services Authority Hosts Annual Supervision Outreach Session
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