IMF Staff Country Reports

Saudi Arabia : Financial System Stability Assessment: Update

Author/Editor:

International Monetary Fund

Publication Date:

April 18, 2012

Electronic Access:

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Summary:

An update on Saudi Arabia’s Financial System Stability Assessment (FSAP) is presented. Saudi Arabia has confronted the global financial crisis from a position of strength, and took decisive steps to manage the impact of the crisis. As a result, the financial system has weathered the crisis relatively well. The authorities have made progress implementing the recommendations of the 2004 FSAP. Many improvements have been made to bank and securities supervision. The banking sector as a whole is well capitalized and appears to be able to withstand severe temporary shocks.

Series:

Country Report No. 12/92

Subject:

Bank regulations Bank resolution Bank supervision Banking sector Capital markets Commercial banks Economic indicators Financial system stability assessment Insurance Liquidity management Nonbank financial sector Payment systems Pensions Saudi Arabia Securities markets