Middle East Economic Survey

VOL. LII

No 47

23-Nov-2009

UAE

UAE Central Bank To Implement Basel II

The UAE Central Bank announced the successful completion of trial run of Basel II, the new capital adequacy standards system, and is ready to start its actual implementation, the Emirates News Agency (WAM) reported on 19 November. Basel II specifies the process for determining minimum levels of capital to be held by banks, based on the riskiness of those assets, which is a key regulatory tool for...