NO. 22


Financial and Banking News

Regional Banking

Seven Kuwaiti Banks to Begin Settlement of Interbank Positions

Seven of Kuwait's eight commercial banks have begun the process of settlingtheir interbank positions, following the lifting on 25 February of freezingmeasures by the Bank of England and the US Office of Foreign Assets Control (OFAC).Japan announced on 28 February that assets of the seven banks would be unfrozenon 18 March and regulatory authorities in other...