Wednesday 19 June 2013

Qatar’s central bank shores up domestic lenders - FT.com

"Qatar’s central bank introduced sweeping regulations to bolster the financial sector as the country primes its lenders ahead of huge infrastructure spending demands before it hosts the World Cup in 2022.
The new rules – which follow a widening of central bank powers – may help to reassure international investors ahead of a likely borrowing spree by domestic banks as they take part in funding the emirate’s building plans.
“The project finance requirements over the next few years are very large. What the government wants to avoid is any uncertainty over the domestic banking framework,” says Tim Plews, partner and head of Middle East financial services and markets at Clifford Chance law firm."

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