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New regulations challenge UAE firms to improve risk management

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Firms in the United Arab Emirates could fall foul of new corporate governance rules and corporate discipline regulations unless they adopt a more systemic approach to managing risk, according to Marsh.

The Ministerial Resolution No.(518) of 2009 Concerning Governance Rules and Corporate Discipline Standards, which has been created by the Emirates Securities and Commodities Authority, comes into

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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