Central Bank enacts regulations and monitoring of liquidity at banks

02/06/2015 (Emirates 24/7 – UAE): The Central Bank of the UAE has announced that following consultation with banks operating in the UAE, and after reviewing international best practices in the area of liquidity risk management and regulations, the Central Bank has decided to enact the below regulations for controlling and monitoring of liquidity at banks.According to circular No. 33/2015, issued on May 27, 2015, all banks must abide by the provisions of these regulations and the guidance manual, which will be issued at a later stage, at all times.The objective of these regulations is to ensure that liquidity risks are well managed at banks operating in the UAE and are in line with the Basel Committee for Banking Supervision (BCBS) recommendations and international best practice…

http://www.emirates247.com/business/economy-finance/central-bank-enacts-regulations-and-monitoring-of-liquidity-at-banks-2015-06-02-1.592614

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