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80pc of Arab banks ‘ready for new rules’Eighty per cent of Arab banks are in a position to meet new international regulations on the level of reserves they need to hold while all banks in Bahrain meet these standards, said a top official. Union of Arab Banks (UAB) chair More… |
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Doha to host ICC banking summitThe International Chamber of Commerce (ICC) will be hosting its biannual ICC Banking Commission Meeting in Doha from March 25 to 29 in association with diamond sponsor Qatar National Bank (QNB). Some 400 banking leaders and executives from More… |
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CFA probes banking industry challengesThe institute of Chartered Financial Advisers (CFA) Bahrain organised a presentation on Basel III and the challenges to the region's banking sector for its members. Basel III is a newly-introduced regularity standard to strengthen banks' c More… |
Switzerland to propose stricter bank rulesThe Swiss government looks set to push ahead with plans to make UBS and Credit Suisse reach tough new capital standards despite warnings they could make the banks uncompetitive. The Swiss cabinet, which operates on the b More… |
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New banking rules to be probed at forumMore than 60 senior bankers from 30 leading financial institutions from Bahrain will meet today to receive a briefing on new financial banking principles, known as Basel III, designed to stabilise the global financial system. Hosted by KPM More… |
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Islamic body to revamp rules to fit Basel IIIThe Islamic Financial Services Board, an association of regulators in Muslim countries, will revise its rules next year to enhance sharia banks' capital in line with Basel III reforms, its secretary-general said. More… |
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StanChart plans $11 billion rights issueEmerging markets bank Standard Chartered plans to raise as much as $11 billion through a rights issue to strengthen its finances ahead of the introduction of new global capital rules, the Financial Times reported on Wednesday. Regulators, More… |
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Global banks warned against race for Basel IIIDeutsche Bank's chief executive warned the world's banks not to embark on a "dangerous race" to fulfil new bank capital rules early, which he said could choke off the supply of loans to the real economy. "It's important for us to coordinat More… |
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Regulators agree on tougher Basel III bank rulesGlobal regulators, aiming to prevent any repeat of the international credit crisis, have reached an agreement on Basel III, a sweeping reform that will force banks to more than triple the amount of top-quality capital they must hold in reserve. More… |
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Banks brace for capital shake-up, fears lingerTougher new Basel III capital rules due on Sunday have rekindled concerns over the weakest players in the banking sector in Europe. The impact of the new bank rules on lending and faltering economic recovery have added to investor doubts g More… |
