VOL. XXXVI

NO. 3

19-OCTOBER-1992

Financial and Banking News

REGIONAL BANKING

UAE Forms Committee to Consider Banks' Compliance with Basle Ratios

The Central Bank of the UAE has formed a committee which will draw up atimetable for the enforcement of Basle capital adequacy standards in the localbanking market. The timetable will refer to locally-incorporated banks and tothe local branches of foreign banks. The committee will present its report bythe end of 1993, according to a Central Bank statement...