The Central Bank of the UAE (CBUAE) has introduced the fifth iteration of the Executive Certificate for Risk-Based Supervision Professionals. This initiative seeks to qualify and elevate the skills of supervisors, enabling them to identify potential risks and mitigate their impact on the financial system, thereby strengthening financial and monetary stability in the UAE.
This updated programme launch reflects the Central Bank’s commitment to enhancing the technical expertise and capabilities of participating supervisors. It aims to leverage specialized skills in prudential and conduct risk in response to regulatory and technological advancements in the global financial system.
Central Bank to Offer Tailored Risk Workshops and Cohorts in 2024
The Central Bank plans to conduct additional cohorts and tailored risk workshops this year, providing participants with insights into optimal supervisory practices for risk identification.
Since its inception in 2021, 46 UAE national supervisors have attained the Executive Certificate Level 1, with 39 progressing to achieve the Advanced Executive Certificate.
The Executive Certificate programme operates in collaboration with and is accredited by the Institute of Bankers (IOB), a recognized college of the University College Dublin and a leading institute in training bankers and bank supervisors, according to WAM.
Ahmed Saeed Al Qamzi, Assistant Governor for Banking and Insurance Supervision at the CBUAE, highlighted, “Our internationally accredited programme supports the CBUAE’s efforts to develop the expertise and competencies of Emirati cadres, contributing to enhancing monetary and financial stability, developing the financial sector, and supporting the country’s Emiratisation agenda. Through this programme, we are equipping our supervisors with an in-depth understanding of risks, associated regulations, and appropriate supervisory practices, enabling them to navigate and excel in a dynamic environment, setting the standards for the financial industry, which will promote and safeguard the UAE’s financial system.”