Kuwait Central Bank Sets Lenders New Governance Rules, KUNA Says
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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.