UAE forces bad loan transparency on its banks

Banks in the United Arab Emirates banks will have to start reporting and make provisions for bad loans on a quarterly, rather than annual, basis to meet new regulations.

  • 15 Nov 2010

The country’s central bank announced new regulations regarding the classification of loans and determining provisions. The increased transparency was welcomed by international loans bankers. “That’s where people want some clarity — on where the loan loss provisions are,” said an emerging markets loans banker.

In a statement outlining the ...

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