Treasury Today Country Profiles in association with Citi

Basel III to create more active UAE money market?

Corporates operating in UAE are watching closely as the country’s central bank ramps up its new capital and liquidity framework ahead of Basel III compliance. The UAE is preparing local institutions for the Basel III banking supervision standards, set to start in 2014, by requiring them to hold 10% of their liabilities in liquid assets. The new measure will start early next year and as the implementation of the latest Basel Accord draws closer, banks may start to pass on the cost of compliance.

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