The introduction of these regulations represents the second step towards implementation of the new Dirham Monetary Framework announced earlier this year.
Thursday 22 October 2020
#UAE central bank announces new regulations regarding licensed financial institutions mandatory reserves system, WAM | Reuters
UAE central bank announces new regulations regarding licensed financial institutions mandatory reserves system, WAM | Reuters
The United Arab Emirates Central Bank announced on Thursday that effective Oct. 28, it will introduce new regulations regarding reserve requirements for deposit-taking licensed financial institutions, according to the state news agency (WAM).
The introduction of these regulations represents the second step towards implementation of the new Dirham Monetary Framework announced earlier this year.
The introduction of these regulations represents the second step towards implementation of the new Dirham Monetary Framework announced earlier this year.
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