UAE banking sector to face stringent capital and liquidity rules | GulfNews.com:
"The Central Bank of UAE is in the process of reviewing and updating banking sector regulations to align local regulations with international best practice, according to the Financial Stability Report published by the apex bank on Sunday. The review will take into account specific requirements of the UAE economy, .
The report said the changes will require banks to hold capital in line with the requirements of Basel III rules, a set of international capital adequacy standards.
“New regulations aim to strengthen our prudential framework in line with the latest international developments and Basel III guidelines,” said Sultan Bin Nasser Al Suwaidi, Governor of the UAE Central Bank in the preface of the report.
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