The United Arab Emirates needs to double efforts to create a local market for government and corporate bonds, Central Bank Governor Sultan Nasser al-Suweidi said on Wednesday.
"When it comes to adequacy and quality of capital, we don't have any difficulty in securing capital adequacy in the short run," he told a financial workshop in the UAE capital.
"As for liquidity, the difficulty lies in the fact that there are no sufficient government debt instruments. It will be important to double efforts locally to create an active market for government bonds as well as high quality corporate bonds," he said.
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