Financial And Banking News

REGIONAL BANKING

Bank of England Officials Emphasize Capital Adequacy

Addressing the Arab Bankers' Association (ABA) in London last week, the Governor of the Bank of England, Mr. Robin Leigh Pemberton and its Associate Director, Mr. William Peter Cooke, reiterated their concern that banks are perhaps embarking upon new areas of business without due regard to the adequacy of their capital base. In his keynote address, the Governor pointed out that many of the...