Middle East Economic Survey

VOL. XLVIII

No 34

22-August-2005

Generic Risks Of Gulf Banks

By Sohail Farooq

Sohail Farooq is the principal of Canada-based, Araj Financial Advisory LLC, with offices in Bahrain and Pakistan. He wrote the following article for MEES.

Despite the relatively benign operating environment, GCC banks remain susceptible to systemic risk and potentially disruptive credit conditions. The systemic risk is embedded in: the adoption of new financial reporting standards; changes in...