The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the UAE capital’s international financial centre, has signed a Memorandum of Understanding (MoU) with the Central Bank of the Republic of Azerbaijan.
The agreement aims to strengthen collaboration across key areas such as financial technologies, capital markets, and broader financial services.
Exchange of expertise
Under the MoU, both regulatory authorities will engage in the exchange of information and expertise, as well as coordinate on training sessions, joint research projects, and study visits.
The agreement sets the stage for closer cooperation that supports financial innovation and regulatory alignment between the two jurisdictions.
This partnership reflects ADGM’s broader commitment to fostering a transparent, robust, and internationally integrated financial ecosystem.
FSRA’s global connection
Through strategic global engagements, the FSRA consistently works to enhance regulatory consistency, share best practices, and jointly address emerging risks in the evolving financial landscape.
Officials’ comments
Emmanuel Givanakis, CEO of the FSRA of ADGM, said: “The signing of this MoU marks an important step in fostering collaboration between ADGM’s FSRA and the Central Bank of the Republic of Azerbaijan. By formalizing our cooperation, we create a strong foundation for sharing knowledge and advancing innovation across financial services, which will not only strengthen the capital markets but also support the continued development of the financial sectors in both jurisdictions.”
Taleh Kazimov, governor of the Central Bank of the Republic of Azerbaijan, emphasized the importance of the MoU: “In an increasingly interconnected financial world, cooperation plays a vital role in fostering innovation, enhancing regulatory practices, and contributing to the resilience of our financial systems. We look forward to a productive collaboration that supports the growth of our financial sector and promotes regional and global financial stability.”
By forging international alliances, the FSRA reinforces its regulatory framework, contributing to both global financial stability and sustainable economic development.
