VOL. XLI

No. 43

26-October-1998

BAHRAIN

BMA Governor Says Prudential Regulations Strengthen Bahrain AsFinancial Center

Bahrain has been promoted as a key regional offshore center since thelate 1970s as a result of the need to provide a financial center capable of recyclingpetrodollars. According to Mr. 'Abd Allah Saif Governor of the Bahrain Monetary Agency(BMA), which is often described as the most respected GCC central bank, BMAsprudential policies have been largely responsible for...