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DFSA reluctant to raise bank capital requirements
- United Arab Emirates: Wednesday, August 26 - 2009 at 13:04
Dubai Financial Services Authority (DFSA) is reluctant to raise banks' capital holding requirements to prevent another economic collapse, Emirates Business 24/7 has reported. Capital level must be determined before looking into increasing the requirements, DFSA's Chief Executive Paul Koster said. "We cannot even make all agree on what should be in the balance sheet and what should be potentially off the balance sheet. And capital requirements are related on what's on the balance sheet and how you valuate it," Koster said.
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StaffWednesday, August 26 - 2009 at 13:04 UAE local time (GMT+4)
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