Higher capital levels among UAE banks mean they are unlikely to be significantly concerned by tougher global rules requiring them to bolster the amount of cash they keep in reserve.
Local lenders already have to hold larger capital buffers to guard against financial risks than are stipulated by the new Basel III regulations.
“With UAE banks being amongst the best capitalised on a global scale, they are on the safe side compared to their European or US counterparts,” said Sofia el Boury, a banking analyst at Shuaa Capital."
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