His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Financial Stability Council, presided over the Council’s second meeting of 2024 in Abu Dhabi.
Board members attended the meeting, including Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs; Khaled Mohamed Balama, Governor of the UAE Central Bank (CBUAE); Ahmed Jassim Al Zaabi, Chairman of Abu Dhabi Global Market; Younis Haji Al Khoori, Undersecretary of the Ministry of Finance; and Ebrahim Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE.
The Council reviewed the agenda items and assessed the progress of implementing the decisions and directives issued by the Board of Directors.
The Council discussed the global and local financial outlook, highlighting the resilience of the UAE’s economy amid global uncertainty, primarily driven by the strong performance of non-oil sectors and sustainable foreign trade.
The UAE’s financial system remains well-positioned to tackle potential challenges in supporting the national economy. Recent stress tests confirmed the sector’s capacity to endure significant economic shocks, showing that banks have sufficient buffers to safeguard capital and liquidity.
