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
June 5, 2006
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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.
Subject: Banking, Capital markets, Commercial banks, Financial institutions, Financial markets, Financial services, Loans, Payment systems
Keywords: banking sector, Capital markets, Commercial banks, CR, financial system, Global, interest rate, ISCR, Loans, Payment systems, SAMA charter, SAMA regulation, SAMA-administered merger, SAMA's repurchase, settlement system
Pages:
45
Volume:
2006
DOI:
Issue:
199
Series:
Country Report No. 2006/199
Stock No:
1SAUEA2006001
ISBN:
9781451833508
ISSN:
1934-7685
