The UAE's Central Bank today issued a set of draft laws covering corporate governance at the banks it regulates. Boring stuff? Yeah, except it's also pretty important.<br/><br/>It's important because it's an indication that the Central Bank is looking to put the UAE's local banking system on par with those in developed countries, increasing transparency, improving discolosure and eliminating conflicts of interest. While this might come across as corporatespeak gobbletegook, all of those things would undoubtedly be good for the UAE's banks - which is not to say that some of them aren't already in line with international standards. If you want to bring in international capital, a healthy, transparent banking system is probably pretty crucial. So even if the Central Bank guidelines are a bit vague, it's good to have this kind of guidance from the very top.<br/><br/>A copy of the draft guidelines is available on the Central Bank's website. You can also download them here: <br/>