Central Bank of Kuwait revamps bank governance rules


The Central Bank of Kuwait has updated its bank governance rules to bring them into line with international best practices, according to government news agency Kuna.

The governor of the central bank, Mohammed Al-Hashel, told Kuna that the central bank board had agreed on June 19 to issue new directives regarding governance rules and regulations for Kuwaiti banks in order to keep up with the latest international banking supervisory criteria meant to bolster governance.

Changes to the rules were

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