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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Central bank chief seeks tougher norms

Posted on 26 May 2010

From Gulfnews.com: In the next few months, banks in the smaller economies in the region will reduce their loan to deposit ratios and investment banks will be regulated in a much harsher way, according to the UAE Central Bank Governor.
“Banking regulations will probably be amended in the coming few months…. will steer their banking system towards lowering the growth rate of loans and advances plus investments versus stable deposits,” Sultan Bin Nasser Al Suwaidi, UAE Central Bank Governor, said at the closing of the Menasa Forum on Monday……………………………………….Full Article: Source

 
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