The Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) and the Capital Markets Authority of Kenya have partnered to enhance sustainable finance in each other’s Market.
The MOU was signed by Mr Paul Muthaura, Chief Executive Officer at CMA and Mr Phillipe Richard Executive director of the International Affairs at ADGM. The agreement provides the framework for CMA and the Finacial Services Regulatory Authority to exchange information vital to products, services, and initiatives as well as develop regulatory and institutional Framework to allow the two sides to facilitate and support sustainable finance.
According to Mr Paul Muthaura, this agreement is in line with the Mariakech Pledge which calls for an increase in volume, flow and access to finance for climate projects alongside improved capacity and technology from both developed and developing countries.
Mr Richard Teng CEO of the Financial Service Regulatory Authority ADGM, stated that the partnership with CMA began in 2017 on Fintech where they shared their mutual objectives of fostering innovation, financial inclusion and regulator cooperation.
Related;
CMA Joins a Global Network of Regulators Committed to Fintech Innovation
CMA partners with Securities Regulators in Africa and Middle East
