News , Editorial Important regulatory changes are under way in the UK Financial Services Authority, Ian Tower,Head of Department, FSA Wholesale Banks and Investment Firms Supervision, said in a presentation at the ABA's Lebanese Banking Day symposium at Mansion House, London, 10 November 2010. Gala Evening Highlights Welcome | David Mellor | Governor Salamé | Musical Soirée | Charity Auction | Guests 1 | 2 |3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 Lebanese Day Symposium [Partial Highlights, more to be included] Riad Salam&eacut...
News , Here and Now Supervision of banking is an asset that benefits the banking industry and the country as a whole, argued Usama R. Mikdashi, Chairman, Banking Control Commission of Lebanon, in his presentation at the ABA's Lebanese Banking Day, Mansion House, 10 November 2010. Gala Evening Highlights Welcome | David Mellor | Governor Salamé | Musical Soirée | Charity Auction | Guests 1 | 2 |3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 Lebanese Day Symposium [Partial Highlights, more to be included] Riad Sal...
News , Editorial Bernardo Sanchez Incera, deputy chief executive for international retail banking of French lender Societe Generale has said the bank is interested in acquisition opportunities in Egypt. "Egypt is very important, it's a huge country with a huge growth potential and where the size of our operation can be increased. If we find an acquisition opportunity, it will help us move faster," Incera said in published reports.
News , Here and Now The UAE's central bank has unveiled new guidelines regarding provisions and loans in line with the Basel Committee on Banking Supervision standards. "All banks and other financial institutions are required to make provisions, specific or general, required for this regulation and deduct them from the profit and loss account at the end of each quarter and not delay them till the end of the financial year," the central bank said in a statement. The guidelines will "serve as a catalyst in depicting a truly realistic financial position of banks and other financial institutions," it said.
