US announces changes to the Offshore Voluntary Disclosures Programs
On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in…
Regulation, Risk & Compliance
8931 articles found
Saudis to keep reserve management strategy -c.bank
Saudi Arabia's central bank will keep its current strategy for managing the country's foreign reserves, central bank governor Fahad al-Mubarak…
Saudi Arabia to maintain currency peg to the dollar
Saudi Finance Minister Ibrahim Alassaf reiterated Tuesday at the same news conference that the Kingdom would continue to peg its…
Easy Money Hopes Still Underpin Stocks
Local markets are tipped for a positive start Tuesday as Wall Street managed a modestly higher close in the face…
Number of asset managers to halve by 2030 – KPMG
Nearly half of all asset managers will not exist by 2030 as client demographics, technology and social behaviour undergo rapid…
Bahrain's GFH loses appeal against Kuwait regulator monitoring
Kuwait's Capital Markets Authority has rejected an appeal by Bahrain-based Gulf Finance House against the regulator's decision to monitor its…
Tier 2 sukuk more likely for Bahrain's Islamic banks under Basel III rules
The landscape of Islamic banking is changing along with the shifts in the global regulatory structure as a result of…
GFH loses appeal against Kuwait regulator monitoring
Kuwait’s Capital Markets Authority has rejected an appeal by Bahrain-based Gulf Finance House against the regulator’s decision to monitor its…
Kuwait government denies corruption allegations
Kuwait's government on Wednesday disputed allegations by the opposition that tens of billions of dollars were stolen from public funds…
Dubai Establishes New Dispute Settlement Authority
On 28 May, His Highness Sheikh Mohammed bin Rashid Al Maktoum announced the amendment of Dubai Law No. 9 2004…
Kuwait government disputes corruption claims
Kuwait’s government yesterday disputed allegations by the opposition that tens of billions of dollars were stolen from public funds by…
Financial indicators point to the systemic strength of UAE banks
The Financial Soundness Indicators, an important component in the Central Bank’s financial sector surveillance point to the robust systemic strength…