AFSA pursues international cooperation as a reputable, reliable and trusted financial services regulator under multilateral cooperation mechanisms and bilateral cooperation. As such AFSA engages in multilateral and bilateral relations.
Multilateral cooperation is pursued with a view of AFSA’s priorities to apply global standards espoused by global standard setters and keep regulatory framework of the AIFC aligned with latest developments. Memberships in the international organizations would also facilitate international recognition and position of the AFSA as a reputable and recognized regulatory authority.
Bilateral cooperation is aimed at establishing relations with peer regulators from jurisdictions other than the AIFC in order to be able to exchange information on the margins of cross-border regulatory and supervisory cooperation.
