2013-06-29<\/p>\n
In order to streamline the banking business and promote cooperation between banks, as well as achieve the highest standards of quality and excellence and build a professional and transparent environment to serve the customers interests and rights, the UAE Banks Federation is developing the \u201cCode of Conduct\u201d for the banking industryin UAE<\/p>\n
The UAE Banks Federation has recently formed a specialized committee covering legal, compliance, HR, retail and corporate aspects, dedicated todevelop the “Code of Conduct”. The committee is chaired by Mr. Adre Sayegh and made up of members from NBAD, ADIB, SCB and CBI.<\/p>\n
H.E AbdulAziz Abdullah Al Ghurair, Chairman of UAE Banks Federation, said: “UAE Banks Federation is always keen to adopt transparency in developing banking services to meet the highest standards and best practices, since UAE banking sector is being the most dynamic in the region, thus we decided to develop the \u201cCode of Conduct\u201d aiming to protect customers rights, enhance cooperation and promote fair competition between banks, as well as to reinforce cooperation with the Central Bank and other official entities to better serve customers, the community and the national economy.<\/p>\n
In addition, the UAE Banks Federation seeks, through the \u201cCode of Conduct\u201d, to promote Emiratization and boost efforts to raise public awareness on financial literacy, and build a favorable banking environment to enhance customers\u2019 confidence in banks, and enhance transparency and free market policy. After ratification of the code, specialized committees and the CEOs Advisory Council will have a major role in implementation and follow-up.<\/p>\n
In fulfilling its key role, UAE Banks Federation is keen to keep pace with the international developments, and enhance the mutual confidence between banks and their customers.<\/p>\n
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2013-06-29 In order to streamline the banking business and promote cooperation between banks, as well as achieve the highest standards of quality and excellence and build a professional and transparent environment to serve the customers interests and rights, the UAE Banks Federation is developing the \u201cCode of Conduct\u201d for the banking industryin UAE The UAE …<\/p>\n