IMF Staff Country Reports

United Arab Emirates: 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

January 27, 2003

Download PDF

Preview Citation

Format: Chicago

United Arab Emirates: 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, (USA: International Monetary Fund, 2003) accessed September 18, 2024

Summary

This paper presents key findings of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems for the United Arab Emirates (UAE). The UAEs financial sector and financial sector supervision are developing unevenly. The financial sector is dominated by well-supervised banks, which pose minimal near-term systemic risk. Although the payment systems are simple and far from state-of-the-art, they are well managed, and systemic risks are limited.

Subject: Bank legislation, Bank supervision, Banking, Commercial banks, Financial institutions, Financial markets, Financial regulation and supervision, Foreign banks, Payment systems

Keywords: Balance sheet, Bank legislation, Bank supervision, Banking law, Banking license bank, Banking sector, Bridge financing, CBU, CBU representative, CBU staff, CBU supervision method, Commercial banks, Company, CR, Financial situation, Financial system, Foreign banks, Foreign currency, Global, ISCR, Issue CBU guideline, Liquidity support, Market structure, Monetary policy, Payment systems, Protect bank staff members, Review CBU procedure, Supervision method

Publication Details

  • Pages:

    55

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2003/020

  • Stock No:

    1AREEA0012003

  • ISBN:

    9781451801088

  • ISSN:

    1934-7685