Filling the Gulf - Risk.net

Victoria Tozer-Pennington
01 Aug 2009

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The pace at which banks in countries in the Gulf Cooperation Council (GCC) area (Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the United Arab Emirates) are implementing operational risk management frameworks has been increasing during the past 12 months. Even though the most forward-looking local banks in the region (excluding branches of multi-national financial institutions) have been working to comply with the Basel II Accord for a much longer period - some banks have been collecting op

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