Jun 16th, 2009 (WAM)--Central Bank of the UAE announced that it has signed a consultancy agreement with Oliver Wyman on Tuesday 16 June 2009, to carry-out a consultative assignment for the Central Bank for the purpose of restructuring of some of its functions. H.E. Khalil Mohammed Sharif Foulathi - Chairman of the Board of Directors of the Central Bank witnessed the signing of the agreement which was signed by H.E. Sultan Bin Nasser Al Suwaidi - Governor of the Central Bank on behalf of the Central Bank, and by Alexander Lis - Head of Middle East and Africa, on behalf of the company.

Pursuant to this agreement, the company would carry-out comprehensive review of the main functions of the Central Bank and propose amending them in line with international standards and best practices. The company will submit reviews and proposals regarding banking supervision, monetary policy, payment systems, Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), in addition to governance, organizational structure and human resources.