The Central Bank may introduce further risk management reforms to protect the banking system from future crises, its governor says.
Under measures being considered to tighten controls, the bank is reviewing the type and liquidity of securities that banks are holding or selling to clients, said Sultan al Suwaidi, the Central Bank Governor.
“We have to examine what businesses or assets banks are acquiring or selling to their customers,” Mr al Suwaidi said in a speech in Abu Dhabi yesterday.
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