Officials from Bahrain, Qatar, Kuwait and Saudi Arabia met in Riyadh today to discuss plans for unified banking regulations and supervision in the GCC states adhering to the Gulf Monetary Union. At present Oman and the UAE have "excused" themselves from participation in the GMU.
Hopefully this process will lead to a raising of standards and supervision in some countries rather than bringing down the leader in that field to a lower level.
Posts
No comments:
Post a Comment