Khaled Mohammed Balama
Governor, Central Bank of the UAE
Balama was appointed as governor of the Central Bank of the UAE (CBUAE) on April 5, 2021. He has been on its board since 2008. He has more than three decades of experience in banking, financial services, asset management and investments. Balama’s key responsibilities include carrying out CBUAE’s key mandate to sustain the UAE’s monetary and financial stability, and protect the interests of the UAE’s banking system. In March 2020, the central bank rolled out the Targeted Economic Support Scheme (TESS) offering zero-cost collateral funding to banks to reduce the economic fallout from the pandemic. TESS has been extended until June this year. In September 2021, CBUAE issued new guidance to help financial institutions combat money laundering and terrorism financing. In December, it developed an enhanced framework to supervise banks’ exposure to the real estate sector.