Dubai - Mubasher: The Central Bank of UAE ratified a number of applications of banks and other financial institutions working in the UAE to expand their activities and open new branches, according to the state - run news agency WAM.
The board approved only those applications that fulfilled conditions as per applicable laws and regulations concerning each individual activity.
The board also reviewed a presentation by the Banking Supervision Department on the minimum capital requirements as per Basel III and Domestic Systematically Important Banks, D-SIBs. The board approved the publication of the regulatory framework in this regard.
The board also reviewed issues presented by the Financial Control Division, and took appropriate decisions in respect of them.
