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Marketing Environment of the Financial Services Industry - Essay Example
Finance & Accounting
Pages 6 (1506 words)
Name Professor Course Date News Portfolio Marketing Environment of the Financial Services Industry 1 The Dubai International Finance Centre (DIFC): Amending Law No. 7 The DIFC is the first UAE’S monetary free zone with determined targets to advance Dubai’s economic accretion and improve dependence on oil revenues…
Modification of this law recognizes the comparative development of the DIFC and strengthens its autonomy from onshore legislators. These legislative alterations with regard to DIFC examine what can be anticipated in terms of future regulations inside UAE financial services segment. This will significantly aid in encouraging business in the area. The significant bodies of the DFIC are maintained which have distinct pecuniary units with independent budget lines. The new amendment also clarifies the governance and executive structures of the three significant bodies. The new duties are to instigate, standardize and develop an independent payment structure in connection with the UAE fundamental Bank to advance massive wholesale disbursement, including multi-nation, and currency clearance deals. It clears the capability to clear and mend payments and to implement a structure accordingly (Campbell, p. 1). Current havoc in financial markets with regard to the sub-prime financial catastrophe calls for the integration of chattel liquidity into contemporary risk management components. The definitive target is to execute advanced financial modelling elements and sound regulations for the monetary, service industry in the UAE. ...
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