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UAE central bank Governor Sultan Nasser al-Suweidi

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UAE to require banks to hold 10 percent liquid assets

Banks in the United Arab Emirates will have to hold high-quality liquid assets equal to 10 percent of their liabilities from Jan. 1 next year, under a rule introduced by the UAE central bank as it prepares the sector to comply with Basel III global standards.

July 15, 2012 5:06