VOL. XLVI

No 24

16-June-2003

UAE

REGIONAL BANKING

BMA Proposes Rules For Enhancing Insurance Regulations

The Bahrain Monetary Agency (BMA) announced on 11 June that it had published a consultation paper, setting out proposed rules aimed at enhancing existing insurance regulation. It addresses core issues, such as solvency margins, asset/liability valuations and capital requirements for insurance firms operating in Bahrain. The overall objectives of these standards on solvency and other quantitative...