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 UAE reportedly considering 10-year golden business licences Louvre Abu Dhabi draws over 1.2million visitors in 2023 Modern Mills Company debuts on Tadawul; IPO generated $40bn in orders OPEC+ unlikely to move oil output before June meeting