Khaled Mohammed Salem Balama Al Tameemi is the current governor of the

Central Bank of the United Arab Emirates The Central Bank of the United Arab Emirates () (Central Bank of the UAE or CBUAE) is the state institution responsible for managing the currency, monetary policy, banking and insurance regulation in the United Arab Emirates. History The Qatar ...

(CBUAE). He has over 30 years of experience in the fields of banking, financial services, asset management, and investments. Balama was born in the

United Arab Emirates The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab E ...

and studied finance at Indiana University School of Business (now

Kelley School of Business The Kelley School of Business (KSB) is an undergraduate and graduate business school for Indiana University Bloomington and Indiana University Indianapolis. As of 2022, approximately 13,538 full-time undergraduate and graduate students are enr ...

), where he received a Bachelor of Science degree in 1990. He has been a

Chartered Financial Analyst The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the US-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financia ...

(CFA) since 1995. He has held various senior positions at the

Abu Dhabi Investment Authority The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves a ...

, including executive director of the Real Assets Department. Balama was appointed governor of CBUAE on 5 April 2021. As governor, he is responsible for overseeing the functions of ensuring the UAE's monetary and

financial stability Financial stability is the absence of system-wide episodes in which a financial crisis occurs and is characterised as an economy with Volatility (finance), low volatility. It also involves financial systems' stress-resilience being able to cope wi ...

. He has overseen several initiatives, including the Targeted Economic Support Scheme (TESS). In September 2021, CBUAE issued new guidance to help financial institutions combat

money laundering Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds i ...

and

terrorism financing Terrorism financing is the provision of funds or providing financial support to individual terrorists or non-state actors. Most countries have implemented measures to counter terrorism financing (CTF) often as part of their money laundering law ...

. In December 2021, the bank developed an enhanced framework to supervise the exposure of the banks to the real estate sector.

References

{{DEFAULTSORT:Balama, Khaled Mohamed Year of birth missing (living people) Living people Emirati economists Governors of the Central Bank of the United Arab Emirates Kelley School of Business alumni Indiana University Bloomington alumni