Central Bank Announces Foreign Exposure Limits
News: The Omani central bank has revised its rules on banks' credit exposure to non-residents and funds placed abroad. Under the new guidelines, aggregate funded credit exposure for non-resident borrowers, excluding banks, will be capped at 20% of the bank's local net worth. The limit for non-resident borrowers that are banks is set at 30%. The change follows the creation of a financial stability committee to monitor banking and capital markets.