C. The UAE has four different regulators responsible for the authorization and supervision of financial intermediaries (banks,
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C. The UAE has four different regulators responsible for the authorization and supervision of financial intermediaries (banks, insurers, and other financial institutions). These are: (i) the Central Bank of the UAE (CB); (ii) the Securities and Commodities Authority (SCA); (iii) the Dubai Financial Services Authority (DFSA), which is the regulator of the Dubai International Financial Centre (DIFC); and (iv) the Financial Services Regulatory Authority (FSRA), which is the regulator of the AbuDhabi Global Market (ADGM). What are the main reasons for regulating the role of financial intermediaries.
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