This transfer marks a major evolution for the invitation-only physique, shifting from a high-level dialogue platform to a devoted engine for regulatory harmonization throughout the Center East and North Africa.
The Council was initially unveiled below the patronage of the UAE Ministry of Economic system throughout Investopia 2023. Conceived as a bridge between the personal sector and governing our bodies, its formalization in 2026 alerts a brand new section of structured collaboration aimed toward tackling the complexities of contemporary finance.
The formal structure of this Working Group transforms the initiative right into a devoted platform for regulatory harmonization. By specializing in the combination of rising monetary applied sciences, digital property, and open banking, the Council goals to bridge the hole between innovation and oversight. This evolution is designed to foster cross-border collaboration and be certain that compliance frameworks maintain tempo with the fast digital transformation occurring inside the area’s monetary providers sector.
The Working Group is ready to be co-led by Zain Umer, Managing Director of CFC MENA, and Christine Abou Assali, Associate and Head of Company – Banking & Finance (UAE) at Alem.
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They’ll oversee a founding cohort of trade heavyweights, representing a various cross-section of the monetary ecosystem.
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The initiative continues to obtain sturdy backing from authorities leaders. H.E. Abdullah Ahmad Al Saleh, Undersecretary of the UAE Ministry of Economic system, famous that the Council reinforces the UAE’s standing as a premier vacation spot for digital expertise.
Nameer Khan, Chairman of the MFTA, emphasised the need of this collaboration “As fintech continues to play a critical role in economic growth… this platform enables meaningful collaboration between industry and regulators to shape the future of the ecosystem.”
The Council for Coverage & Regulation Working Group will meet on a quarterly foundation. Whereas the present membership is elite and invitation-only, the MFTA has indicated plans to broaden the Council in phases because the area’s regulatory mandate continues to evolve.
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