19.09.2011 - Kuwait’s NBK and KFH deny derivatives trading
Kuwait’s biggest lenders National Bank of Kuwait and Kuwait Finance House have denied reports that they were putting customers’ money at risk by trading in derivatives. Kuwaiti daily newspaper Al-Seyassah said earlier in a report, citing unnamed parliamentary and economic sources, that several lawmakers were planning to investigate derivatives trading by some banks. The trades took place away from the central bank’s supervision, it reported, and put clients’ deposits at risk..............................................Full Article: Source
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