12/23/2015
Turkey banking chief sees looser regulations in wake of rate hike
Market consensus had been for a hike in the headline repo rate of at least 25-50 basis points.
12/23/2015
Market consensus had been for a hike in the headline repo rate of at least 25-50 basis points.
12/23/2015
The new rules come into force on 1 January 2016.
12/23/2015
The meeting included presentation on the capital market and the regulatory systems
12/22/2015
It followed an investigation into an unusual investment scheme that was intended to fund the publication of a group of limited-edition books.
12/22/2015
In the case, the chief executive officer and an operations manager are separately charged with the theft of Sh12 million from their employer.
12/18/2015
A decision on which bank will work on an initial public offering in Milan is expected in January, the sources said.
12/17/2015
The 10th Development Plan and 64th Government's Program also focuses on progressing interest-free finance and coordination in this respect.
12/17/2015
The long-awaited revenue recognition standard (IFRS 15), which was published last year and will come into force in 2018, establishes a comprehensive framework for determining when revenue should be recognised and how it should be measured.
12/17/2015
Following the successful launch of its Financial Crime Compliance Academy earlier this year, Standard Chartered hosted its first Financial Crime and Compliance workshop for its financial institutional and correspondent banking clients in the Middle East
12/15/2015
Foreign ministers from the 28-member bloc approve new 'chapter', focusing on economic policy, in Turkey's decade-long attempt to join EU
12/15/2015
Move is part of reform to break up highly-concentrated banking sector, dominated the country's three banks controlling 73 percent of credit in Israel
12/13/2015
The event was attended by over 200 family business principals, entrepreneurs and family office executives in the region and dealt primarily with wealth management issues across the UAE and beyond.
12/10/2015
The Basel III rules, which are aimed at making the global banking system more resilient following the financial crisis
12/10/2015
Heavy regulatory burden is holding up transactions between UAE and US banks
12/10/2015
Al Zadjali pointed out that the Omani banking sector today has 16 commercial banks
12/08/2015
The Turkish Banking Association has told banks that their Russian operations will not face sanctions from Moscow, citing information provided by Denizbank
12/07/2015
Capital Intelligence (CI) has affirmed Arab Bank plc’s (AB) Financial Strength Rating (FSR) at ‘BBB+’. The FSR continues to be underscored by the Bank’s ample liquidity, deep customer deposit base, sound capital adequacy ratio, (CA
12/07/2015
The authorities says it should be closed before their departure to ensure that no one can access their accounts for financial transfers of a suspicious nature.
12/07/2015
In carrying out all these activities, we will also continue to seek inputs and feedback from all out institutional members
12/02/2015
Special focus will be on financial institutions local and international and corporate customers and high net worth individuals will be dealt with selectively.