Home Industry Economy UAE Central Bank extends economic support measures until June 30 Prudential relief measures regarding banks’ capital buffers and liquidity and stable funding requirements will be extended by six months by Bloomberg December 19, 2021 The Central Bank of the United Arab Emirates has extended several measures of its Targeted Economic Support Scheme (TESS) until June 30 help continued recovery of the nation’s economy. Prudential relief measures regarding banks’ capital buffers and liquidity and stable funding requirements will be extended by six months, the central bank said in a statement. More specifically, the capital buffer measures include temporary lowering of the capital conservation buffer, and the capital buffer for systemically-important domestic banks. Liquidity measures consist of temporary prudential relief on the liquidity coverage ratio, eligible liquid assets ratio, net stable funding ratio, and advances to stable resources ratio, according to the statement. Tags Banks central bank Economy finance stimulus TESS UAE 0 Comments You might also like Flying Taxis: How Archer aims to revolutionise travel in the UAE UAE to announce petrol, diesel prices for January; will rates drop in 2024? How REITs are unlocking the potential of UAE real estate GCC region M&A blazes trail as global deals decline