Cass Business School is to deliver a programme for the United Arab Emirates’ financial regulators.
The school in the City of London is to partner with the UAE’s capital markets regulator – the Securities and Commodities Authority – to create a programme that will establish a pool of regulators for the Gulf area.
The first programme will be offered in 2008. Cass and the UK Securities and Investment Institute will work together to create the 10-week programme, which will include meetings with UK regulators and market practitioners and visits to London financial institutions.
The programme will explore parallels and synergies with the current and future regulatory operations of the UAE and the Middle East region.
“We hope that this partnership can be expanded to incorporate suitable candidates from other Gulf Co-operation Council States which are members of the newly established Union of Arab Securities Authorities,” says Abdulla Al Turaifi, chief executive officer of the SCA.
Emad Eddien Hussein, the SCA’s advisor for Organisational Development and International Co-operation, says the region badly needs skills and knowledge in the capital market field, with special emphasis on the regulatory industry and the programme with Cass will help supply these skills.
Cass is already active in the region. At the beginning of the year Cass, in association with Dubai International Financial Centre, launched an Executive MBA in Dubai. The programme offers three alternative specialisations – Islamic finance, energy and general management and finance.