UAE central bank to study margin lending.
Global Banking News-December 24, 2014--UAE central bank to study margin lending
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Global Banking News - 24 December 2014
The central bank of UAE has said that it would study margin lending in the stock markets.
In a brief statement, the apex bank said that it would study margin lending but did not elaborate on how the study would be conducted. Leveraged purchase of stocks through margin trading at brokerages had on occasions fuelled speculative buying in Dubai.
Recently, the UAE Securities and Commodities Authority urged brokerages extending margin trading services to obey regulations.
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|Publication:||Global Banking News (GBN)|
|Date:||Dec 24, 2014|
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