Guernsey Regulator Signs MoU With Abu Dhabi Counterpart

The Guernsey Financial Services Commission (GFSC) has signed a Memorandum of Understanding (MoU) with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

The MoU, which was signed on 6 September by William Mason, Director General of the GFSC and Richard Teng, Chief Executive Officer of the FSRA of ADGM, is intended to facilitate cooperation on the supervision of cross-border establishments and the exchange of information, as well as to foster best regulatory practice in both jurisdictions.

"The Commission is very pleased to have had the opportunity to sign this MoU with the Financial Services Regulatory Authority of Abu Dhabi Global Market," said Mr Mason.