High capital levels amongst UAE banks indicate that the UAE banks and financial institutions are unlikely to be significantly worried about stricter international rules requiring them to sustain the amount of cash they keep as reserves.
The UAE banking system is stable and has a high level of adequacy with high capital and liquidity, Sultan Bin Nasser Al Suwaidi, UAE Central Bank governor, told the Gulf News on Tuesday.
“The UAE will be applying Basel III gradually until the year 2019 and the UAE banks have no problem if Basel III is applied as they have high liquidity, no cash problems and their capital are already high,” said Al Suwaidi.
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