The UAE should have active bond market to face any financial crisis and that bonds market had proved it is a very good instrument to alleviate the repercussions of any economic and financial hardships, Sultan Bin Nasser Al Suwaidi, UAE Governor of the Central Bank, told Gulf News.
Al Suwaidi said: “An active bond market is very fundamental to deal with any future financial crisis and to alleviate the pressures on banks’ liquidity through the creation of a high degree of liquidity in the economy which would assist in addressing the negative impact in a crisis situation.” He added that the Central Bank had encouraged financing through issuing bonds and sukuk rather than taking loans or borrowing from banks………………………………………..Full Article: Source