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UAE cbank mulls new banking regulations

Posted on 09 November 2009

From Tradearabia.com: The United Arab Emirates central bank said on Sunday it is mulling new regulations for wholesale banks, mortgage loans and to protect consumers of financial services, but did not provide specifics.

The bank, which said it was conducting a detailed study of the issue, also plans to examine and amend regulations relating to the classification of loans and allocation of provisions after banks in the UAE made suggestions…………………………Full Article: Source

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