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New non-bank rules due this year
Wednesday 1st of April 2009
Fiennes said non-bank deposit takers (NBDTs) will be required to comply with a new set of prudential requirements which are due to be introduced in late 2009 and 2010.
"We are focused on ensuring these rules and regulations work for the NBDT sector," Fiennes says.
The new prudential regime aims to provide a consistent and rigorous approach to the supervision of deposit takers, and...
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