Abu Dhabi, UAE – 22, May 2018:   The Central Bank of the UAE (CBUAE) today publishes the Financial Stability report for the year 2017. The Financial Stability Report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy measures introduced by the Central Bank. The Financial Stability Report also includes an assessment of key macro-financial and banking-sector developments that may affect financial stability in the United Arab Emirates. The Financial Stability report is produced annually, in line with the UAE Government’s goal of creating greater transparency throughout the UAE financial system. 

 

H.E. Governor, Mubarak Rashed Al Mansoori, said: “The UAE banking sector remains resilient, with robust capital ratios, liquidity buffers, profitability, and stable sources of funding.” He continued: “The Central Bank is moving towards a risk-based supervisory framework, enhancing its banking and financial system surveillance, and implementing more comprehensive stress-testing and macro-prudential frameworks. Furthermore, CBUAE continues to be committed to further enhancing banking regulation in line with international agreed standards and best practices. H.E. concluded: “The improved economic outlook as well as more favorable financial market conditions remain supportive of financial stability in the UAE. However, the financial system participants must continue to adequately manage financial risks and remain mindful of potential global and regional macro-financial uncertainties.”