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UAE central bank acts again to give lenders more versatility

by CBDC Insider Staff
August 10, 2020
in Business, Middle East
Reading Time: 1min read
0
UAE central bank acts again to give lenders more versatility
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The Central Bank of the UAE on Saturday temporarily relaxed the net stable funding ratio (NSFR) and the advances-to-stable resources ratio (ASRR) for local and foreign banks to provide them with enhanced flexibility and capacity to support the economy and better manage their balance sheets.
This initiative is also part of the central bank’s Targeted Economic Support Scheme (Tess) launched in March 2020 to enhance the banking sector’s capacity to support their customers impacted by coronavirus pandemic, as well as give fillip to the economy.
The regulator said the mandatory threshold will be temporarily relaxed by 10 percentage points for both ratios. For the NSFR, banks will be allowed to go below the 100 per cent threshold, but not lower than 90 per cent.

Continue read: https://www.khaleejtimes.com/business/banking-finance/uae-central-bank-acts-again-to-give-lenders-more-versatility

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