UAE Central Bank holds 9th meeting for 2014

The Board of Directors of the Central Bank of the UAE has held its 9th meeting for 2014, in Abu Dhabi, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board.

The board reviewed a report containing a dashboard for measuring banks positions, submitted by the Banking Supervision Department, in view of which the Board discussed banks’ large exposures and positions of banks in general.

Under the item “Emerging Topics”, the board discussed margin lending, and requested that the issue be studied, from all its aspects, and a report on findings be forwarded to the board.

The board then proceeded to discuss the remaining topics listed on its agenda, as well as other emerging topics and took appropriate decisions in this regard.

The meeting was attended by Khalid Juma Al Majid, Deputy Chairman, Mubarak Rashed Al Mansoori, the Governor, and board members, Younis Haji Al Khoori, Khalid Mohammed Salem Balama, Khalid Ahmed Altayer, Hamad Mubarak Bu Amim, as well as Mohamed Ali bin Zayed Al Falasi, Deputy Governor, Saeed Abdullah Al Hamiz, Assistant Governor for Banking Supervision, Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability and a group of senior Banking Supervision Division staff.

SOURCE: WAM