UAE Central Bank launches survey on exposure to Lehman Brothers
18/9/2008 17:47
The Central Bank of the United Arab Emirates (UAE) has launched a survey
on the country's exposure to the bankrupt US investment bank Lehman Brothers,
local newspaper Khaleej Times reported today.
In a notice to all banks and
financial institutions in the country, the UAE Central Bank instructed them to
provide details of any investments, placements, or any other funded, unfunded
exposure to Lehman Brothers.
Lehman Brothers Holdings Inc., the
fourth-largest US investment bank, filed for bankruptcy protection on Monday, a
move which triggered large scale upheaval in the global financial
market.
Xinhua
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