Times of Oman
Nov 27, 2015 LAST UPDATED AT 07:49 PM GMT
CBO plans to bifurcate investment activity of commercial banks
March 17, 2013 | 12:00 AM

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.

Subscribe to our newsletter and be the first to know all the latest news