Bahrain Association of Banks (BAB) said it has started discussion with its members on the creation of a banking court or jury in the region with a primary mission to resolve disputes that arise from financial and banking transactions taking place in the kingdom with speed and efficiency. The entity will possess the expertise required to resolve these cases and the speed to preside over them and implementing their rulings take into account the specialized nature of financial and banking cases, said a top official at the meeting organized by the banks of the BAB. BAB chief executive Dr Waheed Al Qassim lauded the huge effort exerted by the Central Bank of Bahrain and the banking sector to create a comprehensive judicial system specializing in financial and banking cases.
