Regulators take aim at murky UAE markets after Arabtec debacle
Fifty billion dollars may be enough to trigger major changes to regulation of the Arab world's second biggest stock market.…
Regulation, Risk & Compliance
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Takaful: Specific regulations to improve insurance penetration
Takaful is experiencing rapid growth in the GCC and some regulators have recently responded by proposing a host of new…
UAE market regulator shakes up brokerages with new rules
The stock market regulator yesterday approved new rules that will shake up the UAE’s brokerage sector, opening the industry up…
Debt trap in UAE: to repay or to run away?
If you are steeped in debt and are thinking of fleeing the UAE, think again. As simplistic as it…
Oman insurance regulations credit positive, says Moody’s
The draft Takaful law of Oman’s Capital Market Authority proposing companies wishing to operate as a Takaful entity in the…
Turkish Bank Garanti Wins FICO Decision Management Award for Fraud Control
FICO Bank, Turkey's second-largest bank, has won the 2014 FICO Decision Management Award in the Fraud Control category. Garanti…
SCA sets up body for tighter supervision
The Securities and Commodities Authority, or SCA, the UAE’s financial market regulator, has said it would tighten supervision of the…
Mashreq becomes First Bank in UAE to receive Accreditation from Institute of Internal Auditors, USA
Mashreq has announced that its Internal Audit function had been assessed to be in "Conformance" with The IIA's International Standards…
DIFC favours single Sharia board for all institutions
The DIFC is considering creating a single centralised Sharia board for the DIFC, in order to widen the acceptability of…
DFM driven down as fund managers cite ‘violation of margin regulations’
Fund managers blasted at stock-brokers for what they saw as exceeding distribution of leverage to clients after Dubai’s shares declined…
ALEXBANK to Implement FATCA First of July
ALEXBANK announced that it will start applying the U.S Foreign Account Tax Compliance Act known as FATCA beginning of July1st.…
Israel: Stress test finds Israel banking system stability safe from recession
There is no danger to the stability of Israel's banking system should there be a severe recession, although the hit…