Sun, Nov 23, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Market Moves, People, Performance more

ECB’s Mersch says Islamic banks may suffer more in downturns

Posted on 19 November 2010

From Bloomberg: European Central Bank Governing Council member Yves Mersch said Islamic financial institutions may be more vulnerable to economic slumps. “Islamic banks may suffer more from the real economic downturn that normally follows financial turbulences as the losses of the customers are partly shared,” Mersch said.
“Moreover, the lack of product standardization and the missing harmonization of Islamic standards in general pose risks to the management of liquidity.”………………………………………Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930