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FINANCIAL NEWS
UAE cbank postpones new lending rules for state-linked firms
17 Dec 2012
(MENAFN) UAE’s central bank has delayed putting in force new rules that will limit lending to state-linked companies and another regulation governing banks’ liquid asset ratios, Reuters reported.
“The Central Bank Board of Directors reviewed banks’ feedback on the amendments to the Large Exposures Regulation, and decided to postpone implementation of the regulation until all items of the regulation are reviewed with banks,” it said in a statement.
“The Board also reviewed banks’ comments on the Liquidity Regulation…The Board decided to postpone implementation until details of the requirements of the regulation are agreed.”
The statement did not say when the regulations are expected to be implemented.
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