The latest global regulatory standards on bank capital adequacy, stress test and market liquidity risk called ‘Basel III’ will be introduced for Omani banks by the Central Bank of Oman (CBO) next year.
“A road map has already been finalised and revised rules shall accordingly be finalised by December 2012 and implementation in 2013 onwards in accordance with the timeline set under Basel III,” said Hamoud Sangour Al Zadjali, Executive President of CBO………………………………………..Full Article: Source