Kuwait Central Bank Sets Lenders New Governance Rules, KUNA Says

Kuwait’s central bank released new governance guidelines for local lenders to follow starting July 1, state-run news agency KUNA reported today, citing Governor Mohammed al-Hashel.

The new rules are an upgrade of regulations in place since 2004 and “take into consideration the lessons learned from the recent global financial crisis,” KUNA cited al-Hashel as saying.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at dkholaif@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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