CBO tightens norms for appointment bank personnel

Under new rules banks will have to assess the suitability of candidates for senior positions such as CEO's under 'competence criteria' set by the central bank of Oman (CBO) before approaching the CBO for approval of the appointment.

Source: Times of Oman

Before seeking the Central Bank of Oman's (CBO) approval for appointment of senior management personnel such as CEOs, general managers and other senior line management members, banks have to make sure that the appointees meet the 'competence cr

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