Egypt taps Islam Azzam to lead Financial Regulatory Authority
Egypt’s President Abdel Fattah El-Sisi has appointed Islam Azzam as acting chairman of the Financial Regulatory…
Browsing Tag
Basel III
Egypt’s FRA sets Basel III-aligned solvency standards for non-banking finance sector
Egypt's Egyptian Financial Supervisory Authority (FRA) has issued new financial solvency standards for companies…
US to propose revised Basel III rules this month
The US Federal Reserve and other regulators are expected to announce significant changes to proposed bank capital…
Basel III to Help Support Islamic Banks’ Liquidity Management – S&P
The revised capital requirements for Basel III by the Islamic Financial Services Board (IFSB) will help boost the…
SocGen Profit More Than Doubles on Investment Bank
Societe Generale SA, France’s second-largest bank, said second-quarter profit more than doubled, beating…
Barclays to Raise 5.8 Billion Pounds in Rights Offering
Barclays Plc (BARC), the U.K.’s second-largest bank by assets, said it will raise 5.8 billion pounds ($8.9 billion)…
Egyptian Banking Sector To Implement Basel II By Next June
All Egyptian banks will apply Basel II standards during the first half of 2013, said an official source at the…
Basel Burden On Small Banks Faces Scrutiny At U.S. House Hearing
U.S. community banks and insurers will press their case for separate treatment from the biggest financial firms as…
Misr Iran 9-Month Profit Hit EGP 180 Mln
Misr Iran Development Bank achieved profit of EGP 180 million at the end of Q3, up from EGP 150 million at the end…
Bankmuscat Rights Issue Opens Today
BankMuscat is launching a rights issue today to raise RO 96.7 million aimed at enhancing Tier 1 capital. The bank…
Chinese Banks To Comply With Basel III Accord In Jan. 2013
China on Wednesday decided to put its lenders under the regulatory supervision within the Basel III framework -- a…
South Africa’s Corporate Debt Request To Be Discussed By Basel
South Africa’s central bank will seek backing from other members of the Basel Committee on Banking Supervision to…
Lebanese Banks To Meet Basel III Regulations
Lebanese Central Bank Governor Riad Salameh said Wednesday that Lebanese banks will fully comply with Basel III…
IMF Warns UAE From $30 Bln Debt
The International Monetary Fund has praised efforts made by the UAE to reduce debt but also warned that the…
EU Countries Seek Deal On Basel III Regulations
European Union finance ministers are making a renewed attempt to hammer out an accord on boosting the amount of…
Fitch: Indian Banks Likely Need $50 Bln Under Basel
Indian lenders may have to raise as much as $50 billion to add to their retained earnings to meet Basel III capital…
Omani Banks To Apply Basel III Next Year
Central Bank of Oman announced that ‘Basel III’ accord, the global regulatory standards on bank capital adequacy,…
Canada Banks May Tap Wealth Funds
Facing higher capital requirements to meet requirements under the Basel III capital rules for global lenders,…
Bank of England Urges Banks To Increase Capital
Banks need to raise new capital as soon as they can, because the global financial system remains fragile despite…