Bahrain Monetary Agency (BMA) officials have held talks with their counterparts from the Central Bank of the Islamic Republic of Iran. The talks took place during a visit to Tehran by a seven-member Bahraini delegation, led by Executive Director of Banking Operations, Waleed Abdulla Rashdan.
Discussions focused on mutual cooperation in such areas as capital markets, training, remote services, insurance and banking. The talks were a follow-on from a visit to Iran by Governor of the BMA, Shaikh Ahmed Bin Mohammed Al-Khalifa in October 2002.
Iranian officials were keen to benefit from Bahrain's success as an international financial center, in general, and BMA's experience in developing Islamic securities, in particular. The Iranian side was also keen to benefit from Bahrain's success in banking and Insurance training and requested the Bahrain Institute of Banking and Finance (BIBF) to organize training programs for Iranian bankers in anti-money laundering and asset management. — (menareport.com)
© 2003 Mena Report (www.menareport.com )