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The Central Bank of the UAE took part virtually on 6 September in the sixth meeting of the preparatory committee for the GCC Central Bank Governors’ Committee. Its delegation was led by Ebrahim Obaid Al Zaabi, CBUAE assistant governor for monetary policy and financial stability. Participants reviewed monetary and financial developments, current and planned work under the GCC central-bank programme, and ways to expand cooperation with international counterparts.
The committee considered progress on an agreement to link GCC payment systems, along with recommendations concerning banking supervision, regulation and cybersecurity. It also reviewed work on anti-money laundering and countering terrorist financing.