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
IMF Staff Country Reports, June 5, 2006
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- 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
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Bibliographic details
- Published: June 5, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833508.002
Banking sector resilience and systemic strengths
- 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.
- 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.
Financial market reforms and development constraints
- 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.
Subject coverage and keywords (as listed)
- Subjects: 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