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UAE central bank postpones implementation of lending cap rules
- United Arab Emirates: Monday, December 17 - 2012 at 00:33
The UAE central bank has decided to postpone implementation of new rules that cap commercial banks' lending to state-linked companies and another regulation governing banks' liquid asset ratios, Reuters has reported. The central bank board of directors "reviewed banks' comments on the Liquidity Regulation...The board decided to postpone implementation until details of the requirements of the regulation are agreed," the apex lender said, without specifying when the regulations are to be implemented.
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