Cross Border Banking and Finance Guide

Overview

At the outset, it is pertinent to note that when dealing with a particular emirate in the UAE, the laws and regulations prescribed at both the Federal level and at the relevant emirate level need to be considered.

This Practice Note provides a high-level overview on cross border banking and finance in the UAE, Abu Dhabi and Dubai.

Definitions

SCA: Securities and Commodities Authority.
DFSA: Dubai Financial Services Authority.

Practical Guidance

Loan market and developments

Overview of the current state of the loan markets in Abu Dhabi

Commercial and investment banks remain busy dealing with implementation of liquidity and other requirements as part of the phased implementation of base III regulatory requirements. Convertible and non-convertible perpetual debt issues have been a feature among banks (and also insurance companies), with the primary purpose of bolstering their regulatory capital base.

Referenced documents

Federal Decree-Law No. 32/2023
Federal Law No. 8/2018
article 4 of Federal Decree-Law No. 32/2023
Federal Law No. 4/2020
Article 15(2) of Federal Decree-Law No. 32/2023
article 25 of Federal Decree-Law No. 32/2023
Cabinet Decision No. 111/2022
Federal Decree-Law No. 20/2018
Cabinet Decision No. 10/2019
Federal Decree-Law No. 14/2018
Decision No. 11/2016
Federal Law No. 20/2016
Cabinet Decision No. 29/2021
Federal Decree-Law No. 10/2018
Federal Decree-Law No. 51/2023
Federal Decree-Law No. 42/2022
Federal Decree-Law No. 50/2022
Federal Decree-Law No. 32/2021
Federal Decree-Law No. 31/2021

Securities and Commodities Authority Decision No. 2/RM/2023 amending the Rulebook for Financial Activities approved by the Securities and Commodities Authority Decision No. 13/RM/2021
Securities and Commodities Authority Decision No. 25/RM/2020 On amending some provisions of the Securities and Commodities Authority Decision No. 11/2016 concerning the regulation for offering and issuing shares of Public Joint-Stock Companies.