From Gulfnews.com: The UAE’s banking sector is adequately liquid and the capitalisation levels are far in excess of Central Bank requirements, thus the banking sector will not require Central Bank support, said Ahmad Humaid Al Tayer, Governor of the Dubai International Financial Centre and Chairman of the Emirates Banks Association.
Speaking to reporters on the sidelines of a conference on the media’s impact on the Arab banking and financial sectors Al Tayer said the timely intervention of the federal government and the UAE Central Bank helped the banks to meet the capital and liquidity requirements during the financial crisis……………………………………….Full Article: Source