Thursday, Dec 08, 2011
Gulf News
Abu Dhabi The board of directors of the UAE Central Bank have reviewed a proposed liquidity regulation for banks operating in the UAE and called for some amendments to be made to it, a statement from the Central Bank said yesterday.
“The board also reviewed some reports relating to the banking sector and took appropriate decisions in respect thereof,” said the statement.
The board also reviewed applications submitted by some money changing establishments/companies to expand their businesses and open new branches, and applications from natural and juridical persons to establish companies and establishments to undertake financial activities and money changing business.
The board approved the applications which fulfil the terms.
Staff Report
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