NO. 33


Financial and Banking News

UAE Banking

Offshore Banking Proposal Challenges UAE Central Bank

MEES Associate Editor for Banking and Finance Andrew Cunningham reports fromthe UAE on a new proposal to set up an offshore banking market, and thechallenges which will face the Central Bank of the UAE if the proposal is tosucceed.

The UAE Federal cabinet's 13 May decision to prepare the way for offshorebanking in the Emirates should not be dismissed, despite the lack of...