VOL. XXXVII
NO. 44
1-AUGUST-1994
Financial andBanking News
Regional
UAE Moves A Step Closer To Implementing Large Exposure Rules
The Central Bank of the UAE has set 30 September as the date by which localbanks must submit financial data detailing large exposures to single clients.The Bank first issued guidelines on large exposures in November 1993,specifying, inter alia, that loans to single clients could not exceed 7% ofcapital and reserves. By sending out forms on which the banks will report...
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