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When Paul Koster was appointed chief executive of the Dubai Financial Services Authority (DFSA) in December 2008 his priorities included: enhancing the DFSA's standing as an internationally respected regulator; building capability, particularly in relation to developing regulatory skills in the UAE; and further developing the DFSA's approach to risk-based regulation.
Prior to joining the DFSA, Koster was a commissioner and a member of the executive board of the Autoriteit Financiële Markten (Netherlands Authority for the Financial Markets), the national financial services regulator in his native the Netherlands.
He was identified by his peers as one of the four leaders "shaping the conscience of Dutch business" and from May 2006 until December 2007 he was part of the working party of the Committee of European Securities Regulators that coordinates the endorsement and enforcement of financial reporting standards in Europe.
His career started in 1977 when he qualified as a licensed Register (Chartered) Accountant with the Royal Dutch Institute of Chartered Accountants, while he trained as an accountant at Arthur Andersen.
He has also held the positions as executive vice president at Royal Philips Electronics and chief compliance officer and acting commissioner of quotations at the Amsterdam Stock Exchange.
In addition to overseeing business at the DFSA, he is also actively involved in the work of the International Organisation of Securities Commissions Chairs' Committee.
Prior to joining the DFSA, Koster was a commissioner and a member of the executive board of the Autoriteit Financiële Markten (Netherlands Authority for the Financial Markets), the national financial services regulator in his native the Netherlands.
He was identified by his peers as one of the four leaders "shaping the conscience of Dutch business" and from May 2006 until December 2007 he was part of the working party of the Committee of European Securities Regulators that coordinates the endorsement and enforcement of financial reporting standards in Europe.
His career started in 1977 when he qualified as a licensed Register (Chartered) Accountant with the Royal Dutch Institute of Chartered Accountants, while he trained as an accountant at Arthur Andersen.
He has also held the positions as executive vice president at Royal Philips Electronics and chief compliance officer and acting commissioner of quotations at the Amsterdam Stock Exchange.
In addition to overseeing business at the DFSA, he is also actively involved in the work of the International Organisation of Securities Commissions Chairs' Committee.