Dr. Umayya Toukan, Governor of Jordan Central Bank, received the Chairman of Dubai Financial Services Authority, Dr. Habib Al Mulla, in Amman to discuss matters of mutual interest.
The meeting at the Central Bank reviewed the rapid progress of the Dubai Financial Services Authority, and its emerging role as a benchmark for world-class financial regulation in the Middle East.
Commenting on the courtesy visit, Dr. Al Mulla said: “The Dubai Financial Services Authority seeks to enhance relations with the leaders of the region’s financial community – to gather insights and explore areas of common interest that will sustain the authority’s commitment to best practice.”
Dr. Al Mulla’s two-day visit to Jordan includes a courtesy visit to the Jordanian Securities Commission, and the signing of a MoU with Jordan’s Insurance Commission.
The Dubai Financial Services Authority (DFSA) is an independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the Centre, including asset management, banking, securities trading, Islamic finance, re-insurance, and an international financial exchange. The DFSA has been created using principle-based primary legislation modelled closely on that used in London and New York, and the DFSA regulatory regime operates to standards that meet or exceed those applying in the world's major financial centres.
The Dubai Financial Services Authority (DFSA) is a central component of the Dubai International Financial Centre (DIFC), a new financial centre established to position Dubai as a recognised hub for institutional finance, and the regional gateway for capital and investment to the Middle East.
Dr. Habib Al Mulla was appointed Chairman of the DFSA in June 2004. He is also the Managing Partner of Habib Al Mull & Company, a leading law firm based in Dubai. Dr. Al Mulla has been a Member of the UAE Federal National Council since 2002.
