VOL. XXXVIII

NO. 20

13-FEBRUARY-1995

Financial andBanking News

Legislation/Regulation

Central Bank Of Kuwait Under Fire Over Local Company Regulation

The Central Bank of Kuwait has been criticized by a local lawmaker over itsfailure to regulate a local exchange company which is now unable to repay itsdepositors. Mr. 'Abd Allah al-Nibari, one of the more vocal members of Kuwait'sNational Assembly, raised the issue of Commercial Group Limited during aparliamentary session on 1 February. He accused...