01.03.2013 - UAE should have active bond and Sukuk market, central bank governor says
The UAE should have active bond market to face any financial crisis and that bonds market had proved it is a very good instrument to alleviate the repercussions of any economic and financial hardships, Sultan Bin Nasser Al Suwaidi, UAE Governor of the Central Bank, told Gulf News. Al Suwaidi said: “An active bond market is very fundamental to deal with any future financial crisis and to alleviate the pressures on banks’ liquidity through the creation of a high degree of liquidity in the economy which would assist in addressing the negative impact in a crisis situation.” He added that the Central Bank had encouraged financing through issuing bonds and sukuk rather than taking loans or borrowing from banks...............................................Full Article: Source
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