Banks Told to Tap Investment Funds

The Central Bank of Iran has instructed lenders to channel more resources into investment funds. 
The new directive is backed by an earlier decision by the High Council of Securities and Exchange, the top stock market policymaker, to lift the struggling market. 
The bylaw allows banks to play a bigger role in investment funds and own shares in investment banks, according to IBENA, the news agency affiliated to the Monetary and Banking Research Institute.