Sunday 30 September 2012

UAE lenders left unsure over latest rules on banking - The National

New rules come into effect today limiting how much banks can lend to companies.

But banks are uncertain about what to do if they are already in breach of the new rules.

In April, the Central Bank capped the amount banks could lend to governments and their commercial holding companies in an effort to shield them from any financial fallout from a default at a big company.

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