18 Questions
What is the primary objective of the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market?
To advocate a progressive financial services environment and uphold the integrity of the international financial centre
What is the outcome of the supervisory review of a firm in Abu Dhabi Global Market?
An impact/risk rating that determines the frequency and intensity of supervisory interaction
Which of the following is NOT a key area of activity for the Financial Services Regulatory Authority (FSRA)?
Monetary Policy Making
What is the purpose of the risk-based supervision approach adopted by the Financial Services Regulatory Authority (FSRA)?
To identify and mitigate potential risks to the financial system
Which of the following is an important aspect of the Financial Services Regulatory Authority's (FSRA) activities?
Enforcement of financial regulations
What is the primary focus of the Financial Services Regulatory Authority's (FSRA) activities in the area of financial crime prevention?
Anti-money laundering (AML) and counter-terrorism financing (CTF)
What is the ADGM RegLab, launched by the FSRA?
A regulatory sandbox for fintechs to test their innovation
What is the primary focus of the FSRA's review in terms of a firm's business model, size, and complexity?
Evaluating the potential impact on the FSRA's objectives
What is the purpose of the ADGM Digital Lab?
To support the responsible adoption of fintech and digital transformation of the financial services sector
What is the significance of the FSRA being the first in the region to launch the ADGM RegLab?
It highlights the FSRA's innovation in fintech regulation
What is the role of the regulator in the ADGM RegLab?
To supervise and guide fintechs in the regulated environment
What is the relationship between ADGM and Hub71?
ADGM is a partner and home to Hub71
What is the scope of the DFSA's regulatory mandate?
A range of financial services including asset management, securities, and insurance
What is the primary responsibility of the DFSA in relation to anti-money laundering and counter-terrorism financing?
To supervise and enforce AML and CTF requirements
What is the purpose of the Financial Markets Tribunal?
To hear and determine appeals against DFSA decisions
What approach does the DFSA follow in the supervision of regulated firms?
A risk-based approach
What is the governance structure of the DFSA?
A board of directors
What is the role of the Chief Executive in the DFSA?
To operate the DFSA through its staff
Learn about the Financial Services Regulatory Authority established in Abu Dhabi Global Market to promote a progressive financial services environment. Test your knowledge of FSRA's activities, including obligations, enforcement, supervision, and financial crime prevention.
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