Regulation, Risk & Compliance
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Saudi Arabia Said to Tell Lenders to Stop Lowballing Bank Rates
Saudi Arabia is cracking down on banks that are lowballing interest rate submissions, people with knowledge of the matter said. The Saudi Arabia Monetary Agency has written to banks instructing them not to submit levels to the Saudi Interbank Offered Rate that are below what they’re actually willing to lend…
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Click here to read the full story: Bloomberg