Abu Dhabi – Mubasher: The Central Bank of the UAE will issue a number of regulations in the first quarter of this year to support the banking sector, and small- and medium-sized enterprises (SMEs), according to a statement.
There are five regulations in the set, which cover risk management, market risk, interest rate risk in the banking book, operational risk, and country and transfer risk.
The new regulations will enhance the regulatory environment in the UAE, in line with the central bank’s 2017-2021 strategic plan.
The Central Bank of the UAE's capital rose by AED 700 million to reach AED 21 billion in 2016, while reserves rose to AED 18.5 billion in 2016 from AED 17.8 billion in 2015.
