The Dubai Financial Services Authority (DFSA)1 supervises a range of financial institutions including entities from the banking, insurance, and wealth management sectors. All firms including banks are subject to periodic on-site risk assessments, the frequency of which is determined by the risk profile of the entity. Such inspections will generally include assessment of the following areas:
The DFSA has an express mandate to regulate culture and conduct risks for entities providing financial services in or from the Dubai International Financial Centre (DIFC), and conduct risk is one of the three key regulatory priorities set out for 2020 and beyond in the DFSA's 2019-2020 Business Plan.2
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion