1. The Financial Services Regulatory Authority (the "FSRA" or "we"), the financial services regulator for Abu Dhabi Global Market ("ADGM"), recently completed ten years of operations and considers this an opportune moment to take stock of our regulatory framework for financial services.
2. Our ambition is to ensure that our regulatory framework continues to be aligned with international standards, including those issued by the following international standard-setting bodies:
i. Core Principles for effective banking supervision, issued by the Basel Committee on Banking Supervision (the "BCBS Principles" and "BCBS❞ respectively);
ii. Objectives and Principles of Securities Regulation, issued by the International Organization of Securities Commissions (the "IOSCO Principles" and "IOSCO" respectively); and
iii. Insurance Core Principles, issued by the International Association of Insurance Supervisors (the "IAIS Principles" and "IAIS" respectively).
For this Consultation Paper ("CP"), these will be referred to collectively as the "Internationa...