Financial and Banking News


Tunisia Overhauls OBU Rules 

Draft legislation has been approved by the Tunisian Comite National de Credit which envisages opening up the domestic banking market to the offshore banking units (OBUs) in the country. The draft law has yet to be passed by the country's parliament, but if it is passed it will replace the original 1976 rules governing OBUs, which restricted them to foreign currency operations, and which were blamed for the...