UAE central bank says financial system stable amid missile and drone attacks

The United Arab Emirates’ banking system remains fully operational despite escalating regional conflict between the US, Israel and Iran, the country’s central bank said, as authorities moved to reassure markets following missile and drone attacks on the country this week.

According to the statement, the UAE banking system’s capital adequacy ratio stands at about 17%, while the liquidity coverage ratio exceeds 146.6%, both above international regulatory thresholds.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy