UAE c.bank halts foreign banks waivers on state-linked lending — sources | GulfNews.com:
"The UAE Central Bank has removed waivers given to foreign banks allowing them to use their group’s capital reserves to calculate lending to the government and state-owned entities, sources aware of the matter told Reuters.
The change, related to 2012 legislation to counter dangers to the country’s banking system from lenders accumulating large exposures to single borrowers, means foreign banks can only use the reserves of their locally-registered units to calculate lending limits.
Large international banks should be unaffected by the move, as they register the loans made in the UAE in central processing centres outside the country."
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