In a pivotal milestone that underscores the maturity of its institutional framework and solidifies its standing as a regulatory benchmark, the Central Bank of the United Arab Emirates (UAE) announced its acquisition of the international standard for effective governance systems (BS 13500) certification from the British Standards Institution. Khaled Mohamed Al Baqali, Governor of the Central Bank of the UAE, stated: «The Central Bank's attainment of the BS 13500 certification from the British Standards Institution reaffirms our commitment to implementing the highest standards of corporate governance and reinforces our position as a regulatory institution built on trust and transparency». The certificate was received by Ibrahim Said Mohammed Al Hashimi, Assistant Governor of the Central Bank for the Executive Office and Secretary-General of the Board of Directors, from representatives of the British Standards Institution, marking this institutional achievement. In this context, Al Hashimi commented: «The development of corporate governance systems is no longer a regulatory choice but has become a fundamental pillar to ensure the effectiveness of business operations, enhance regulatory frameworks, and embed an institutional culture based on commitment and accountability, which positively impacts the stability of the financial system and the trust of society and the banking sector». This high-level international accreditation confirms the Central Bank's adoption of a comprehensive corporate governance framework based on fairness, equality, transparency, and accountability, which enhances operational efficiency, supports quality decision-making, and contributes to reinforcing trust among key stakeholders. This achievement reflects the bank's institutional approach to work, a cornerstone of trust, a driver towards sustainability, and a foundation for future leadership in the financial sector with efficiency and capability, aligning with the expectations of the upcoming phase and the continuation of adopting best international practices.
