Bank: A financial institution which is authorized by the Central Bank to accept deposits as a bank.
Central Bank: The Central Bank of the United Arab Emirates.
Central Bank Law: Union Law No (10) of 1980 concerning the Central Bank, the Monetary System and Organization of Banking as amended or replaced from time to time.
Terminology used in these Regulations: As defined in the Basel III capital framework, for example ‘Basel III: A global regulatory framework for more resilient banks and banking systems’ published by the Basel Committee for Banking Supervision in December 2010 and revised in June 2011.