The Central Bank of the UAE (CBUAE) recently released Circular 52, regulations on capital adequacy. This is the CBUAE’s response to Basel III definitions of capital and minimum capital requirements. Some UAE banks continue to face challenges complying with all Basel II requirements. Changes have been introduced to strengthen banks’ capital bases.
KPMG’s Basel in a box has been used by some of the world’s largest banks to ensure they comply with a changing regulatory landscape. KPMG’s Basel in a box includes:
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