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Newsletter July/August 2012: UAE banks required to hold 10% liquid assets

Simon Turmaine | July 24, 2012

ABU DHABI – The UAE central bank (CBUAE) is introducing a new law requiring banks in the Gulf state to hold high quality liquid assets equal to 10% of their liabilities starting from January 2013. The new rule, published on the CBUAE website in mid-July, comes as the central bank prepares the sector to comply with the Basel III global standards for bank capital and liquidity.

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