The UAE's central bank will tighten regulations on how banks in the Gulf Arab state manage liquidity so they can better cope with future crises, a central bank circular seen by Reuters showed on Tuesday.
Lenders in the world's No.3 crude exporter will be required to comply with qualitative, quantitative and reporting requirements on liquidity risk management, effective from September, according to the circular sent to banks.
"The aim of this liquidity regulation is to reduce the frequency and severity of banks' liquidity problems," the circular said.
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