05.04.2013 - Most Arab banks ready for new international regulations - banking chief
Eighty per cent of Arab banks are in a position to meet new international regulations on the level of reserves they need to hold while all banks in Bahrain meet these standards, said a top official. Union of Arab Banks (UAB) chairman Adnan Ahmed Yousif was speaking on the sidelines of the annual Arab Banking Conference, which opened at the InterContinental Regency Bahrain in Manama. Yousif, who is also chief executive of Al Baraka Banking Group, said there were 103 banks from 22 countries taking part in the event which has attracted more than 200 delegates on its first visit to Bahrain as a venue, according to a report in our sister publication, the Gulf Daily News...............................................Full Article: Source
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