The UAE central bank issued a circular on August 30 that might effectively mean that the authorities do not require banks to have as high a capital adequacy ratio as before. This might appear to buck the global trend of increasing regulatory capital limits.
Some bankers and analysts, including ratings agencies Moody’s and Fitch, say the circular’s message appears to be intended to help stimulate lending in the federation, especially the emirates of Abu Dhabi and Dubai.
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