CBO signs PWC supervision agreement

The Central Bank of Oman (CBO) has signed an agreement with PricewaterhouseCoopers (PWC) to achieve a smooth migration into risk-based supervision (RBS).

Hamood Sangour Al Zadjali, executive president of the CBO, and a senior official from PricewaterhouseCoopers signed the agreement. The central bank said that the project would be completed in about a year's time.

The CBO will adopt the RBS approach effective from the examination cycle of 2008. Banks are aware of the risk concentrations in the

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