The Dubai Financial Services Authority (DFSA) has issued a Feedback Statement on the public comments received on Consultation Paper No 159 (CP159) – Interest Rate in the Banking Book and Risk Appetite Statement.

In May 2024, the DFSA published CP159 and consulted on proposed updates to the prudential regime for Interest Rate in the Banking Book, and a new requirement to produce a risk appetite statement.

The relevant rule making instruments containing the final amendments to the DFSA’s PIB Rules, which will come into force on 1 April 2025 and 1 January 2026, were also published on 20 December 2024.