Central Bank of Bahrain launched range of initiatives in 2015 – annual report
The Central Bank of Bahrain initiated a range of new initiatives in 2015 and overhauled many of its systems, according to its annual report, published on May 16.
Major moves included the start of Basel III implementation, beginning with capital adequacy rules for conventional banks, and requirements published by the Islamic Financial Services Board for Islamic Banks. The central bank is also consulting on imposing a leverage ratio.
Many initiatives focused on Islamic finance. The central bank
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