MANAMA: The Central Bank of Bahrain (CBB) is walking the fine line trying to balance regulatory prudence and conservatism with innovation and change brought by fintech, a top regulatory official has said.
The CBB’s executive director for banking supervision Khalid Hamad said that without lowering the guard against future risks, the CBB decided to embrace the fintech phenomenon, promote innovation and eliminate, as much as possible, opportunities for regulatory arbitrage .