CBUAE Consults on Framework for Real Estate Exposures of Banks

By Regulatory News

October 24, 2019

CBUAE is consulting on the enhanced regulatory framework for real estate exposures of banks. The refined measures are expected to improve flexibility for bank lending to the real estate sector, while ensuring that banks with real estate exposures above a set threshold will be subject to supplemental regulatory requirements. In addition, through the application of a backstop, the proposed measures avoid excessive real estate exposures and encourage banks to maintain diversified assets. CBUAE is inviting banks to provide comments on the proposed framework through the UAE Banking Federation by October 31, 2019.

The proposed framework was prepared in line with the ongoing regulatory developments at the Central Bank and in conjunction with a comprehensive assessment and third-party validation by international experts. The primary objective of the proposed framework is to enhance financial stability by re-designing regulatory measures aimed at exposures of banks to the real estate sector. The Central Bank will complement the proposed framework by its risk-based supervision to ensure continued consistent application of the regulatory measures and appropriate risk management standards across the banking industry.

Related Link: Enhanced Regulatory Framework (PDF)

Keywords: Middle East and Africa, UAE, Banking, Credit Risk, Real Estate Exposures, UAE Banking Federation, CBUAE

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