Risk Middle East: banks will go "back to basics," regulators warn

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After the carnage wrought by complex financial products during the crisis, banks will be expected to keep it simple - that was the message from two of the region's top regulators in a feisty panel discussion on the opening morning of the Risk Middle East conference in Bahrain today. "It's back to the boring stuff, back to basics - back to the old days of the industry, where banks took deposits and made loans," warned Khalid Hamad, executive director of banking supervision at the Central Bank