24 March 2020

Dear SEO Letter: The DFSA response to Covid-19


  • The DFSA is taking all necessary proactive and precautionary measures to help Dubai and the UAE in their efforts to contain the spread of Covid-19 and will continue to work closely with all government agencies in that respect.
  • DFSA engages with international standards setters and maintains close and regular contact with other financial services regulatory and supervisory authorities.
  • The DFSA stands ready to work closely with each Authorised Firm and will attempt to avoid any unnecessary regulatory burdens.
  • Financial institutions incorporated in the DIFC, including banks, continue to hold comfortable levels of capital and liquidity buffers, in terms of both quantity and quality, well above minimum regulatory requirements.
  • The DFSA remains ready to consider all appropriate measures aimed at supporting the financial and operational resilience of the Authorised Firms.