Bloomberg expands regulatory solution to Middle East
02 June 2025 UAE
Image: stock.adobe.com/Rastislav Sedlak SK
Bloomberg has released its high-quality liquid assets (HQLA) solution in the Middle East.
The Basel III regulatory data solution helps financial institutions monitor liquidity requirements in accordance with the Central Bank of the UAE Rulebook and the Qatar Central Bank’s prudential regulations.
Leila Sadiq, global head of enterprise data content at Bloomberg, says: “With this expansion, Bloomberg brings our robust HQLA dataset and best-in-class reference data to Middle East jurisdictions to help all financial institutions including local banks, hedge funds and private banks in addition to international banks meet local liquidity and regulatory requirements.”
Basel III requires financial institutions to hold an adequate amount of unencumbered HQLA that can be converted easily and immediately into cash.
The HQLA solution forms part of Bloomberg’s Regulatory and Accounting Product suite, which aims to help navigate the regulatory disclosure environment.
The Basel III regulatory data solution helps financial institutions monitor liquidity requirements in accordance with the Central Bank of the UAE Rulebook and the Qatar Central Bank’s prudential regulations.
Leila Sadiq, global head of enterprise data content at Bloomberg, says: “With this expansion, Bloomberg brings our robust HQLA dataset and best-in-class reference data to Middle East jurisdictions to help all financial institutions including local banks, hedge funds and private banks in addition to international banks meet local liquidity and regulatory requirements.”
Basel III requires financial institutions to hold an adequate amount of unencumbered HQLA that can be converted easily and immediately into cash.
The HQLA solution forms part of Bloomberg’s Regulatory and Accounting Product suite, which aims to help navigate the regulatory disclosure environment.
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