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Keep financial system in check: Arab Monetary Fund

Posted on 24 June 2009

From Gulfnews.com: The Arab Monetary Fund (AMF) on Monday called for exercising strict control over the financial sector to avoid a repeat of the current global downturn as a direct consequence of the credit crunch in future and mitigate its possible effects.

“In view of liberalisation of the financial markets, capital flow and systematic risks emanating from fragile financial systems, there is a great interest [being shown] by decision-makers in the importance of stability of the financial system,” said Dr Jasem Al Mannai, director-general of the AMF, yesterday while opening a training programme on safety of financial indicators……..Full Article: Source

 
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