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Strict banking regulations needed, urges SAMA chief

Posted on 04 November 2009

From Saudigazette.com.sa: Saudi Arabia has called for strict banking regulation and conservative lending regimes but spoke out against the need for a global financial supervisor, five days ahead of a G20 meeting where regulation will take center stage.
The G20 member said it wished to strengthen regulatory institutions vis-a-vis banks, and that it was working actively ahead of the Scotland meeting of central bankers and finance ministers to make its views heard………………………Full Article: Source

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