UAE to roll out new capital, liquidity rules in H2 2014

June 9, 2014 12:06 pm

The UAE central bank has said it plans to introduce new rules on liquidity and begin consulting with banks on a new capital regime, which is in line with the Basel III framework in the second half of 2014, Reuters has reported. The new rules on capital will include requirements for enhanced capital, the application of a new leverage ratio and a shift in definition of capital which places greater emphasis on paid-up capital, retained earnings and disclosed reserves, it said in its annual financial stability report.