MANAMA: Global banks have paid more than $250 billion in fines and penalties for non-compliance since the global financial crisis of 2008, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj said.
Addressing participants in the 12th Annual Mena Regulatory Summit at The Ritz-Carlton Bahrain yesterday, he said the cost of non-compliance was not just monetary; it was also economic and social .