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UAE to expedite review of mortgage, bank rules
- United Arab Emirates: Sunday, March 17 - 2013 at 07:19
The UAE's central bank has said it is seeking to finalise a review of regulations on mortgages, banks' loan exposure and liquidity, to ensure they are put into practice quickly, Reuters has reported. "The board instructed speedy finalisation of the review of all articles of the said regulations to expedite approval and ensure timely implementation thereof," it said. The central bank has imposed regulations to limit risk at UAE commercial banks three times over the past year, but has then backed off from enforcing them after complaints from the banks.
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