Regulations for banks, financial services firms need fine-tuning
Players in the banking and financial services sector have learned a lot from their mistakes, with a host of new…
Regulation, Risk & Compliance
8954 articles found
Turkey’s wealth fund hires banks for first foreign loan
Turkey’s sovereign wealth fund (Varlık Fonu) hired Citigroup Inc. and Industrial Commercial Bank of China Ltd. to coordinate a 1…
Loans just got cheaper in India as RBI cuts repo rate
The repo rate cut of 25 basis points announced on Thursday by the Reserve Bank of India - the first…
Central Bank of Kuwait to appoint independent Shari’ah Supervisory Board
Kuwait’s central bank is working on a draft law which will allow it to appoint an independent Shari’ah Supervisory Board,…
UAE releases $496 million frozen funds, ending Kuwait dispute
A dispute between Dubai and Kuwait appeared to have ended on Tuesday as the United Arab Emirates’ central bank authorized…
Treasury to take over Turkey’s largest listed bank, Erdogan says
Turkish President Recep Tayyip Erdogan said the Treasury would take over Istanbul-based Isbank, sending the private lender’s shares plunging. …
ITFC strengthens its partnership with NCB
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the National Commerce Bank…
Islamic-Compliant Cryptocurrency Exchange Certified
Rain, had received a Shari’a compliance certification from Shariyah Review Bureau. SRB is licensed by the Central Bank of…
Saudi Arabia spearheads GCC investments in 2019
The macroeconomic picture had improved significantly across the GCC over the last 12 months. Increased oil production and the more…
Dubai Called Out for Being “Money-Laundering” Capital of the World
Dubai has been in the news for being home to what is now the world's tallest building the Burj Khalifa-and…
Debts of Qatar, Turkey paid in full: CBE
Deputy Governor of the Central Bank of Egypt Lobna Helal announced Sunday that deposits of Arab countries in the bank…
CBK working on ‘draft law’ to appoint independent Shari’a Supervisory Board
The Central Bank of Kuwait is currently working on a draft law which will allow it to appoint an independent…