"The central bank board reviewed a proposed
liquidity regulation for banks operating in the UAE and instructed introduction
of some amendments to it," it said in a statement.
The central bank did not give details about measures
approved by the board on Tuesday. Its spokesman declined to comment.
Central bank Gov. Sultan Nasser Al-Suweidi said in
November that the UAE did not need to introduce any new liquidity or
provisioning measures for its banks due to the euro zone's severe sovereign
debt crisis.
The exposure of UAE banks to sovereign and private sector
debt in Europe is small and their capital adequacy ratio was around 11 percent,
he said in October.
The UAE economy shrank 1.6 percent on the back of global
financial turmoil in 2009, its worst since 1988, as oil prices plunged and a
local property bubble burst, straining banks in one of the world's top five
crude exporters. Bank lending has remained in low single digits since then.
Analysts polled by Reuters in September expected the $297
billion economy to expand by 3.8 percent this year and next after a 1.4 percent
growth in 2010, helped by robust oil prices and increased government spending.
