CBO plans to bifurcate investment activity of commercial banks



Muscat: The Central Bank of Oman is planning to bifurcate investment banking from normal banking services of commercial banks.

According to the proposal, banks will have to form a separate subsidiary for investment banking activities, said Hamoud bin Sangour Al Zadjali, Executive President of the CBO. "We are still discussing that with the Capital Market Authority," he added.

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