Abu Dhabi – Mubasher: The UAE’s central bank will work with banks in the country on full implementation of the Basel III set of global banking regulations, the central bank governor Mubarak Rashid Al Mansouri said on Wednesday.
Al Mansouri added, in a financial forum held in Abu Dhabi that the target is to achieve full implementation by late 2018.
The Basel III rules, which are aimed at making the global banking system more resilient following the financial crisis, include forcing banks to hold more and different types of capital to insulate themselves during downturns.
