Frameworks have been established for the resolution of failed banks and for injections of public funds into troubled banks. Necessary revisions have been made to tax and accounting systems, and bankruptcy laws. In addition, inefficient and outdated trade practices that existed in the relationship between banks and their corporate clients are being reviewed, as evidenced by the accelerated unwinding of cross-shareholdings.
Rasheed Mohammed Al Maraj: Challenges facing Islamic financial institutions Speech by His Excellency Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, at the 14th Annual World Islamic Banking Conference 2007, Manama, 9 December 2007. *  *  *  Fellow Governors, Excellencies, distinguished guests, ladies and gentlemen.