 |
|
|
Governor of the Central Bank of Kuwait Sheikh Salem Al Sabah |
“People are thinking they will get grants, cheap funds. It is not like that. It is a Financial Stability Law to ensure the banking system’s stability, which is concern number one. Investment companies can fail. Banks will take provisions; that’s all”
On whether or not the March 2009 Financial Stability Law should have had less onerous conditions
“There are many requirements, [such as] the way the company will be revived and the power to inspect the activities of directors”
Al Sabah’s answer to why so few investment companies applied for protection from creditors or financial support within the law
“If we have seen within the two years there is gradual, serious improvement, we will take this into consideration”
On the length of warning period for investment firms not complying with the central bank’s new prudent ratios by June 2012
“Without privatization, the available investment opportunities are...
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
