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The second is the supervision by the banking supervisory bodies on capital adequacy and the internal assessment norms, while the third foundation is the market system that offers vast opportunities for effective disclosure that result in more secure banking operations. He also mentioned that improving the internal systems should be the first priority before thinking about international integration.
The implementation of this practice in the Gulf faces unique challenges that are common and particular for the gulf countries. One of the main challenges is to find reliable regional data on corporate defaults...
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