UBF Enhances its Initiative to Develop and Upgrade the Profession of Court Banking Experts

UBF Enhances its Initiative to Develop and Upgrade the Profession of Court Banking Experts
08 July 2018 -
  • UBF Enhances its Initiative to Develop and Upgrade the  Profession of Court Banking Experts
    UBF Enhances its Initiative to Develop and Upgrade the Profession of Court Banking Experts UBF Enhances its Initiative to Develop and Upgrade the Profession of Court Banking Experts

Further to its effort in 2012 to manage the consultation of court banking experts in the UAE, the UAE Banks Federation (UBF) proceeded its cooperation with the Ministry of Justice (MoJ) and the Central Bank of UAE (CBUAE) to more create and improve the profession of banking experts in the nation. With the aim of boosting performance and openness, and examining and approving the court banking professionals, the UBF has created an innovative on-line exam unique for candidates that look for qualification as court banking experts.

The new multiple-choice on the internet evaluation, created and established in cooperation with the Center for Executive and Professional Education (CEPE) at the American University of Sharjah (AUS), and support of MoJ and CBUAE, will certainly replace today paper-based tests system with an online format, in accordance with best global techniques and standards.

The initiative is available in line with UBF purpose of staying up to date with the most recent global developments to promote digital transformation and take on ideal global methods in all domains and successfully streamline the court banking experts' profession within the nation's judicial authorities.

As a requirement, a prospect that wishes to be certified as a court-banking expert in the UAE should sit for a created examination prior to the Board of Evaluation of Banking Experts, a joint entity of the MoJ, CBUAE, and UBF. The committee is left to meeting, examine, and certify candidates for enrollment in the court banking professionals registered in the MoJ and other local courts.

" In its endeavor to produce and sustain an open and innovative banking and monetary solutions community, UBF gives wonderful relevance to reform and elevate the criteria of the banking industry and related sectors. The relocation comes to upgrade UBF's campaign of 2012, when UBF lawful and conformity committee developed guidelines to appoint the experts, and which were adopted by the MoJ and CBUAE requesting to develop an assessment committee by then; pertinent memoranda of understanding (MoUs) were then authorized by the MoJ, Dubai Judiciaries, and RAK courts." stated HE AbdulAziz Al Ghurair, Chairman of the UAE Banks Federation.

"According to the adoption of Digital transformation, the new electronic test will certainly enhance effectiveness and effectiveness of the critical evaluation and will better enhance openness in the selection of topic professionals. The replacement of the existing paper-based examination with the on the internet system will certainly not just help in saving costs and time, but will additionally ensure discretion and safety. We are confident that this relocation will accelerate the federal and local governments' efforts of digital smart transformation in accordance with finest global requirements," included HE Al Ghurair.