Saudi Arabia Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics, Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems

The capacity of the Saudi Arabian banking sector to respond to macroeconomic shocks has been considerably strengthened over the past decade. The Saudi Arabian Monetary Agency (SAMA ) has been actively monitoring some emerging portfolio trends. Comprehensive reforms are under way to deepen financial...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The capacity of the Saudi Arabian banking sector to respond to macroeconomic shocks has been considerably strengthened over the past decade. The Saudi Arabian Monetary Agency (SAMA ) has been actively monitoring some emerging portfolio trends. Comprehensive reforms are under way to deepen financial markets and increase access to financial services. Resolving structural issues remains an obstacle for the market development. SAMA adheres to the Basel Committee’s Core Principles for Effective Banking Supervision, and it makes no differentiation between conventional and Sharia-compliant banking arrangements
Physical Description:45 pages
ISBN:9781451833508