Gulf banks join protest over tough rules - The National

Gulf lenders are among a group of international banks in the US that have protested against additional charges to be imposed on banks deemed too big to fail.

The charges are intended to prevent the world's major banks from repeating the mistakes of the global financial crisis.

The Institute of International Bankers, an association that represents lenders including Doha Bank, Arab Banking Corporation and Abu Dhabi International Bank, the American arm of National Bank of Abu Dhabi, has complained that higher capital buffers for big banks will reduce competition.

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