A narrowing gulf

Big cars, designer clothes and glass skyscrapers are just some of the images the Persian Gulf brings to mind. Maintaining a prestigious image is paramount in the region - and local banks are no different. They want to enhance their international image, and adopting Basel II - especially the advanced measurement approach (AMA) - is a way to do it.

However, there is also a growing need for these rapidly expanding banks to establish a solid risk culture, as local markets flourish on the wave of an

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