Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.
Central Bank of the UAE governor Sultan bin Nasser al-Suwaidi called for greater bank transparency in an address to the Fourth MEED Middle East Retail Banking conference in dubai on 29 November. ‘We need to build and enhance a culture that will adopt transparency and be fair to consumers,’ Al-Suwaidi said. ‘Transparency is not just disclosing financial statements. It’s a lot more. The major issue is the way banks try to hide the way they charge. Banks need to be clear about fees and build a relationship with customers. Transparency will allow consumers of bank products to criticise and put pressure on banks.