The Central Bank wins the award for Best Central Bank in Risk Management
A New Achievement.. UAE Central Bank Named Best in Risk Management 2026
The Central Bank of the UAE has won the "Best Risk Management 2026" award at the Central Banking Awards, presented by the British magazine "Central Banking."
The award recognizes central banks that demonstrate exceptional excellence in adopting global best practices for systematic risk management.
According to a press release issued by the Central Bank on Wednesday, this recognition is a culmination of the bank's efforts and an appreciation of its pioneering role in advancing operational risk management and its qualitative shift from traditional assessment models to a proactive system supported by artificial intelligence technologies.
The bank has successfully established an integrated vision for risk management that ensures comprehensive coverage of all stages of the value chain through the strategic integration of artificial intelligence technologies and an integrated framework for governance, risk, and compliance.
The most significant transformation milestone was the development of an AI-powered internal "risk agent," which reduced the time required to identify risks and decreased reliance on manual procedures. This enabled the proactive monitoring of complex risks at critical operational stages.
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These innovations were formally incorporated into the Central Bank's five-year strategy, based on the principle of "resilience by design," to establish a mature risk management framework as a cornerstone of its operations and innovation.
On this occasion, the award's judging panel commended the Central Bank's unified and comprehensive approach to risk management, describing it as an inspiring model for its counterparts among central banks worldwide.
The committee explained that while many institutions are content with incremental improvements, the Central Bank of the UAE has adopted a more transformative and comprehensive approach, establishing a unified and integrated risk outlook across the entire institution. This has helped achieve tangible results by reducing redundancies. The awards will be officially presented during the Central Banking meetings in London in June 2026.
This global recognition reflects the Central Bank of the UAE’s commitment to integrating modern technologies with sound methodologies, ensuring a proactive response to evolving and complex threats and enhancing the accuracy of decision-making. This reinforces the Central Bank’s leading global position in supporting monetary and financial stability.
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Central Bank Governor Khalid Mohammed Al Balama stated that this international achievement reflects the strong support of the wise leadership and embodies the aspirations, directives, and close follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, Chief of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the UAE, in establishing the bank's position as a global benchmark for excellence and leadership in financial and regulatory work.
He added, "We have succeeded in building a sophisticated regulatory framework that integrates digital innovation with the methodological foundations of risk management. Establishing the pillars of artificial intelligence at the heart of our operational risk management has enabled us to enhance our capabilities and move towards proactive oversight in the face of global financial transformations and emerging risks.
At the Central Bank of the UAE, we are not content with merely adopting the highest international standards; we also strive diligently to contribute to shaping the future of global regulatory practices, ensuring the sustainability of monetary and financial stability."
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