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TRA, Abu Dhabi Global Market sign MoU
September 14, 2017
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ABU DHABI: The Telecommunications Regulatory Authority (TRA) represented by the Computer Emergency Response Team, aeCERT, on Wednesday signed a Memorandum of Understanding with Abu Dhabi Global Market (ADGM) to activate collaboration between the two sides in the areas of information security.

The MoU will also enhance coordination mechanism for information exchange and early warning on threats and risks of cyber-attacks, and facilitate addressing and detecting a wide range of information security incidents such as electronic hacking, viruses and vandalism.

Commenting on signing the MoU, Hamad Obaid Al Mansouri, TRA Director-General, said that ADGM affiliation with the aeCERT is an important addition that contributes to enhancing the security of UAE’s cyberspace. It is also part of TRA’s directives to holding partnerships with government and private entities in the fields of information security protection, raising awareness on data and electronic channels to reduce the rising risks in this field, and reducing the impact of those risks if they occur.

Al Mansouri emphasised that the TRA is committed to develop the quality of ICT services in the country, in order to keep pace with the technological development of ICT sector, enhance the smart lifestyle, and provide a safe and secure electronic environment for business. He invited government and private entities to benefit from the free-of-charge services of aeCERT, as a specialised entity that has the capacity and competence to respond to all electronic risks and threats.

Khalid Al Suwaidi, Chief Operating Officer of ADGM, said, “At ADGM, we are pleased to cooperate with TRA in the field of information security and timely exchange of vital information. As an international financial hub in Abu Dhabi, and the regulator of the financial free zone, ADGM is aware of the importance of maintaining confidence and integrity in Abu Dhabi financial structure, and the economic welfare of the UAE. We look forward to working closely with TRA to achieve these goals.”

As per the terms of the MoU, the main areas of cooperation focus on the provision of electronic accreditation services to the affiliate, advisory and education in the field of information security, as well as guidance, monitoring and response to the risks, informing about potential electronic risks, guidance in the event of attacks, and enhancing their capacity to respond to attacks.

Meanwhile the CFA Institute, the global association of investment management professionals, announced its intention to open a CFA Institute office in the Middle East next year.

The CFA Institute will work in close partnership with Abu Dhabi Global Market, ADGM, the International Financial Centre in Abu Dhabi, to establish its new presence to advance the CFA Institute mission to lead the investment profession by promoting the highest standards of ethics, education and professional excellence for the ultimate benefit of society.

The office opening will be marked by a Memorandum of Understanding (MoU), signing ceremony, between CFA Institute and ADGM, in Abu Dhabi next month. The collaboration between CFA Institute and ADGM underscores the mutual commitment of both organisations to contribute to a growing international centre of excellence for knowledge in the Middle East and beyond.

Gary Baker, CFA, Managing Director for CFA Institute in Europe, the Middle East and Africa, said, “By establishing a permanent presence in Abu Dhabi, the opening of this new office signifies our commitment to the Middle East and North Africa. We are excited at the prospect of partnering with our local member societies that already achieve fantastic results for CFA Programme candidates, members, and charterholders across the Mena region. By supporting local societies, we can intensify our efforts to build market integrity, enhance market transparency, and embed professionalism and excellence in the regional investment management industry.”

WAM

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