Browse
related articles
Bahrain to overhaul bank rules
- Bahrain: Wednesday, September 09 - 2009 at 09:20
The Central Bank of Bahrain plans to make major changes to its liquidity rules after troubles at two Saudi-linked banks raised concerns about the country's regulatory system, Reuters has reported. The proposed changes will require banks to hold liquid assets, submit to rigid checks and limit the so-called mismatches that could starve a bank of funding in stressful markets. The CBB in July assumed control of Saad Group's Awal Bank and The International Banking Corporation, a unit of Ahmad Hamad Algosaibi & Bros, citing a substantial shortfall in their assets compared with their liabilities.
Related Content
Article Options
StaffWednesday, September 09 - 2009 at 09:20 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
