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...