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TMCNet:  UAE Cbank board discusses banking supervision [Mubasher (Saudi Arabic)]

[December 22, 2013]

UAE Cbank board discusses banking supervision [Mubasher (Saudi Arabic)]

(Mubasher (Saudi Arabic) Via Acquire Media NewsEdge) The Board of Directors of Central Bank of the UAE held its 8th meeting for the year 2013 in Abu Dhabi, which discussed a number of initiatives in banking sector regulation, currency exchange business and the use of information technology in the banking sector, Gulf News reported.


The board meeting held under chairmanship of Khalifa Mohammad Al Kindi, Chairman of the Board was attended by Khalid Juma Al Majid, Deputy Chairman, Sultan Bin Nasser Al Suwaidi, the Governor, and Board Members. The meeting reviewed latest developments regarding the project of assigned to consultancy to study the working of money exchange business in the UAE The Board reviewed a report on systemic prudential ratios for the banking system, banking stability, and liquidity indicators of the banking sector, submitted by Monetary Policy and Financial Stability Department.

Furthermore, the Board reviewed applications submitted by banks and other financial institutions operating in the UAE for extension of their activities and opening new branches.

The Board of Directors of Central Bank of the UAE held its 8th meeting for the year 2013 in Abu Dhabi, which discussed a number of initiatives in banking sector regulation, currency exchange business and the use of information technology in the banking sector.

The board meeting held under chairmanship of Khalifa Mohammad Al Kindi, Chairman of the Board was attended by Khalid Juma Al Majid, Deputy Chairman, Sultan Bin Nasser Al Suwaidi, the Governor, and Board Members. The meeting reviewed latest developments regarding the project of assigned to consultancy to study the working of money exchange business in the UAE.

The Board reviewed a report on systemic prudential ratios for the banking system, banking stability, and liquidity indicators of the banking sector, submitted by Monetary Policy and Financial Stability Department.

Furthermore, the Board reviewed applications submitted by banks and other financial institutions operating in the UAE for extension of their activities and opening new branches.

; All Rights Reserved - Mubasher Info (c) 2013 Provided by Syndigate.info, an Albawaba.com company

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