VOL. XLVII
No 19
10-May-2004
REGIONAL BANKING
BIB Liquidation Puts BMA Supervisory Role In The Spotlight
The announcement last week that Bahrain International Bank (BIB) would undergo an orderly liquidation has focused attention on the supervisory capabilities of the countrys central bank, the Bahrain Monetary Agency (BMA). Under the circumstances, many bankers see the liquidation procedure (which the BMA has termed an asset realization protocol ARP) as a reasonable compromise, although some...
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