Browse
related articles
Kuwait approves implementation of amended Capital Adequacy Ratio
- Kuwait: Tuesday, June 16 - 2009 at 09:48
The governor of Kuwait's Central Bank (CBK) has told newswire Kuna that the bank's board of directors have approved the implementation of the amended Capital Adequacy Ratio (Basel II) on local Islamic banks, starting from June 30. The major factors that have been amended are the minimum capital requirements, supervisory review of capital adequacy and market discipline. Local Islamic banks will continue complying with the minimum capital adequacy ratio applied by the CBK, which is 12%, while the rate proposed by Basel Committee on Banking Supervision is 8%, he said.
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
StaffTuesday, June 16 - 2009 at 09:48 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds