The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has today published its Business Plan for 2024. This comprehensive plan outlines the FSRA’s regulatory priorities, offering valuable insights into the areas of focus for the upcoming year. It encompasses all aspects of the FSRA’s operations, ranging from authorisation and supervision to enforcement, and highlights the development of its legislative agenda.

Notably, this plan underscores the roles of the FSRA and ADGM in the UAE’s ongoing efforts to discourage, detect, and prevent financial crime.

An essential component of the Business Plan is the FSRA’s fostering of continuous engagement with stakeholders, locally and internationally. This commitment includes active collaboration with national and international organisations and promoting flagship events such as Abu Dhabi Finance Week. Additionally, the plan demonstrates the FSRA’s forward-looking approach to staff development and the promotion of financial literacy, in th
e UAE and the region.

Emmanuel Givanakis, Chief Executive Officer of the FSRA, said ‘The Business Plan outlines our strategy and priorities for 2024, through facilitating traditional and emerging activities in the financial services sector and focussing on our continuing development of our regulatory framework in the areas of sustainable finance and digital assets. Innovation is a cornerstone of our ongoing and future plans, in order to enhance the regulation and supervision of financial services and make it more effective and efficient in terms of our own operations and for the benefit of firms operating in the sector and their customers. This innovation is made possible through our positive engagement with stakeholders to ensure we have a comprehensive, progressive regulatory framework and a strategic approach that is relevant to the financial services sector, both currently and in future, whilst ensuring we maintain international standards’.

Source: Emirates News Agency (WAM)