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QUESTION 13 In the UAE, assume that a french bank, Credit Lyonnais, opens a representative office in the city of Dubai. This office is granted

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QUESTION 13 In the UAE, assume that a french bank, Credit Lyonnais, opens a representative office in the city of Dubai. This office is granted the licence to operate under the form of representative office of a foreign bank". In principle, representative banks undertake following activities except providing data on the French market to a local customer in the UAE who wishes to do business in France collecting demand deposits from UAE savers providing French customers (in France) with information on the local market of the UAE providing the head office in Lyon, France with data relating to economic developments in the UAE QUESTION 13 In the UAE, assume that a french bank Credit Lyonnais, opens a representative office in the city of Dubai. This office is granted the licence to operate under the form of "representative office of a foreign bank. In principle, representative banks undertake following activities except providing data on the French market to a local customer in the UAE who wishes to do business in France collecting demand deposits from UAE savers providing French customers in France) with information on the local market of the UAE providing the head office in Lyon, France with data relating to economic developments in the UAE

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