Bloomberg News

Kuwait Central Bank Sets Lenders New Governance Rules, KUNA Says

June 20, 2012

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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