| المحتويات | |||
|---|---|---|---|
| CONTENTS | |||
| Subject | الصفحة Page | الموضوع | |
| Introduction | 4 | مقدمة | |
| Scope | 4 | النطاق | |
| Article (17) | Risk Management and Governance | 24 | إدارة المخاطر والحوكمة | المادة (17) |
| Article (18) | Exposures to Related Parties | 26 | التعرضات للأطراف ذات الصلة | المادة (18) |
| Circular No.: | 1/2023 | 2023/1 | تعميم رقم : |
| Date: | 22/05/2023 | 2023/05/22 | التاريخ : |
The Central Bank seeks to promote the effective and efficient development and functioning of the banking system. To this end, the Central Bank is issuing this regulation setting large exposure limits for Banks.
The regulation is aimed at banks' management of risk concentrations, and in particular the risk that the default of a single counterparty or Group Of Connected Counterparties would endanger the solvency of the Bank.
This regulation applies to all Banks, including branches of foreign banks, operating in the UAE.
The requirements apply at every tier within a banking group, meaning at solo and consolidated level, and all levels of sub-consolidation.
This regulation is seeking to manage concentrations and limit the maximum p...