Excellencies, Ladies & gentlemen The issues that we are debating now, to formulate our regulatory response are, 1)  UAE banks would have had no problem, if they owned sufficient first class and liquid securities among their assets, and here I do not mean “AAA” rated papers.
https://www.bundesbank.de/en/press/speeches/implications-of-the-too-big-to-fail-reforms-for-global-banking-836618  6/10  8/4/2020  Implications of the too-big-to-fail reforms for global banking | Deutsche Bundesbank  There is no evidence that the implementation of TBTF reforms has reduced cross-border lending. Total syndicated lending, for example, has been increasing after a sharp drop in 2009.