Regulatory Alerts2022-04-14
Specialized Banks with Low Risk Regulation
The Central Bank of the UAE issued Circular No. 21/2022 to establish a licensing and supervision framework for Specialized Banks with Low Risk. The regulation restricts permitted activities to retail and wholesale finance in UAE Dirhams for residents, while imposing strict limits on capital, liquidity, and credit exposure. It mandates a minimum paid-up capital with 60% UAE national ownership and caps total consolidated assets at 25 billion Dirhams.
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