VOL. XLI/VOL. XLII

Nos. 52/1

28-December-1998/4-January-1999

UAE

S&P Warns Of Potential Stress In UAE Banking Market

Ratings agency Standard and Poors (S&P) has warned in itslatest Bank System Report for the UAE that the countrys banking sector has anegative outlook due to falling oil prices and exposure to the sub-continent and Asia.S&P cites pressure on asset quality, asset price inflation, poor transparency, slowprogress in banking regulation, contagion risk and moral hazard as...