DUBAI / WAM Shamal Holding, the Dubai-based diversified investment firm, today unveiled Naïa Island Dubai, ...
Read More »Banks’ hands tied as Basel tightens rules
Bloomberg Banks’ options for gauging the risk of incurring losses from events such as fraud, cybercrime and litigation are set to shrink as the Basel Committee on Banking Supervision tries to stop firms gaming the rules. The global regulator, whose members include the US Federal Reserve and the People’s Bank of China, proposed scrapping an ‘unduly complex’ internal model-based method ...
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