•A federal guarantee would also help the banks meet their refinancing needs in 2009 and 2010
•However, the devil will be in the detail
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Monday 29 June 2009
UAE – Federal guarantee of bank obligations (PDF)
•A federal guarantee of UAE bank obligations would help shore confidence in the UAE banking system by demonstrating continued sovereign support to the sector
•A federal guarantee would also help the banks meet their refinancing needs in 2009 and 2010
•However, the devil will be in the detail
•A federal guarantee would also help the banks meet their refinancing needs in 2009 and 2010
•However, the devil will be in the detail
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