(MENAFN- Khaleej Times) The dubai financial services authority (dfsa) has entered into a memorandum of understanding (mou) with the united kingdom�s prudential regulation authority (pra).
at a meeting in london andrew bailey chief executive of the pra and a deputy governor of the bank of england and ian johnston chief executive of the dfsa signed the mou on behalf of their respective authorities.
speaking on the occasion ian johnston said: “the strong links between uk financial firms and the dubai international financial centre make the pra the dfsa’s most important regulatory relationship outside the uae. the pra is the home regulator of a number of significant firms authorised by the dfsa to conduct business in and from the difc.”
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