UAE Central Bank board holds a review meeting

Dubai: The Board of Directors of the Central Bank of the UAE (CBUAE) has reviewed a memo regarding the ‘Macro Prudential Policy’ stance report for the second quarter of 2018.

The board also reviewed a memo regarding large exposures and instructed that necessary action be taken.

Also taken up for consideration were applications submitted by banks operating in the UAE. The central bank board also took up a memo regarding contributions to the establishment of the Gulf Payments Company.