Middle East Economic Survey

VOL. XLVII

No 38

20-September-2004

CAPITAL MARKETS

BMA Proposes Rules For Insurance Industry

The Bahrain Monetary Agency (BMA) on 5 September issued a consultation paper, setting out proposed rules and guidance on reporting requirements, including public disclosure, for insurers and enforcement measures available to the BMA to ensure the industrys compliance. The reporting requirements take into account the different levels of risk and the relationship between various...