EFG Hermes faces its own Arab Spring
It has been a difficult 12 months for EFG-Hermes, the leading Middle East investment bank, which now finds itself in…
Regulation, Risk & Compliance
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SunGard Identifies Ten “Big Data” Trends Transforming Financial Services
SunGard has identified ten trends shaping “big data” initiatives across all segments of the financial services industry. Neil…
Deutsche Bank wins two awards
Deutsche Bank has been awarded “Best Risk Management House in the Middle East" and "Best Investment Bank in Saudi Arabia"…
Spain’s bank bailout ulikely to impact UAE markets
The impact on the UAE and regional markets of Spain asking for a $125 billion bailout from fellow Euro zone…
Iranian bank sues rival over fraud allegations
Iran's biggest bank said on Thursday it had taken legal action against another local lender, an Iranian news agency reported,…
India sets up Gulf unit to track NRI tax evaders
India’s efforts to track down tax evaders could soon see officials monitoring the funding flows of nationals living in Gulf…
Risk management ‘vital for bank boards’
Risk management has become a top priority for bank boards in the wake of the ongoing financial crisis, said experts…
EFG-Hermes linked to Egypt graft claims
The Middle East’s leading investment bank is tangled up in Egyptian corruption allegations involving two sons of the deposed president…
Effective control of Basel III rules urged
"The Basel III rules are almost rendered meaningless without effective supervision. They should be implemented in full on a timely…
No exemptions on new lending limits on banks, says UAE central bank
The UAE central bank will not exempt any bank from a newly passed regulation that caps banks’ lending to local…
New financial watchdog announced as UAE prepares regulatory overhaul
The financial services industry in the United Arab Emirates is to undergo the biggest regulatory overhaul in more than three…
Middle East regulatory framework should attract fund management industry
The local regulatory framework in the Middle East should focus on inviting the fund management industry rather than making it…