Middle East Economic Survey

VOL. LIII

No 52

27-Dec-2010

REGIONAL/GCC

New Global Bank Rules Raise Concerns For Project Finance

While it appears likely that many of the big international and Gulf banks will be able to meet Basel III requirements, bankers are raising concerns about their potential impact on certain sectors such as project and trade finance. MEES soundings indicate that opinions are divided on the severity of the fallout, and with aspects of the regulations still in flux there...