Kuwait: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, May 24, 2004
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- Kuwait: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Anti-Money Laundering and Combating the Financing of Terrorism
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Bibliographic details
- Published: May 24, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822298.002
Executive summary and macroeconomic context
- Reviews the macroeconomic environment and provides an overview of the financial system.
- Financial stability has been effectively supported by prudent fiscal and monetary policies.
- Equity prices have once again increased markedly and reached new record highs.
Banking sector and financial system soundness
- The banking sector appears sound and is well regulated and supervised.
- Sensitivity to market risk is limited owing to the short-maturity structure of interest bearing instruments.
- Exchange rate risk has been contained by strict enforcement of prudential requirements.
Key subjects and keywords covered
- Subject: Banking, Commercial banks, Financial institutions, Financial markets, Insurance, Loans, Securities markets, Stock markets
- Keywords: bank, bank merger, banking system, capital market, CBK, CBK official, CBK regulation, Commercial banks, company, CR, deposit, exchange rate, Global, insider trading, Insurance, interest rate, ISCR, Loans, securities, Securities markets, Stock markets, U.S. dollar