In the U.A.E. we were the least-regulated environment in the region, and over time we are seeing more and more regulation coming in. On the other hand, a central bank can overregulate and choke the economy, and then we will have a dead banking industry.
If you say someone is thrilled, it implies talk of an exciting project. I'm wary of such talk.
Skepticism is not a position that you stake out ahead of time and stick to no matter what.
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