Monday 22 September 2014
 
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Basel

Basel III deposit challenge looms over Islamic banks

As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits. In most ways, Islamic bank

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Emirates SkyCargo to launch freighter service to Basel

Emirates SkyCargo, the freight division of Emirates, is set to further strengthen trade lanes between Switzerland and its worldwide network with the introduction of a weekly freighter service between Basel and Dubai. The new freighter f

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Basel III revision 'to boost Islamic finance industry'

The Islamic Financial Services Board’s (IFSB) revised capital requirements for Bassel III could help strengthen the Islamic finance industry, according to a recent Standard & Poor's Ratings Services report. The repor

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Basel reserves rule 'to hit smaller banks'

The international regulations demanding that banks increase their reserves over the next few years could see smaller institutions in the Middle East and across the developing world killed off, said Ithmaar Bank chairman Prince Amr Mohammed Al Fa

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Financing ‘critical issue for 2013 projects’

Contract financing will be a critical factor for project roll-outs worth $159 billion in the region as the banking sector adjusts new regulations and cuts back on long-term lending activity, said an expert. “Financing is a c

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Banks urge EU Commission to postpone capital rules

European banks have asked the European Commission to postpone the introduction of tougher global bank capital rules by a year to 2014 after US regulators told them they did not expect new regulations to take effect in 2013. The to

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Global banks demand tighter supervision

More than 100 countries support key changes to international bank regulation principles as a result of the global financial crisis, the Basel Committee of banking supervisory authorities said yesterday. "Drawing on lessons le

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Tough bank reforms would have cost $600bn

The world's biggest banks would have needed to find more than $600 billion if tough new capital rules to be phased in from 2013 had been in place last year, said an expert banking panel. The Basel Committee of global regulators said if the

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Agility gets pharma distribution certificate

Agility, a leading global logistics provider, has obtained the Good Distribution Practice (GDP) certification for its Pharmaceutical Competence Center (PCC) in Switzerland. The certification verifies that the processes and procedures imple

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Agility gets pharma distribution certificate

Agility, a leading global logistics provider, has obtained the Good Distribution Practice (GDP) certification for its Pharmaceutical Competence Center (PCC) in Switzerland. The certification verifies that the processes and procedures imple

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