Saudi Arabia: Financial System Stability Assessment: Update
April 18, 2012
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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.
Subject: Asset and liability management, Banking, Commercial banks, Financial institutions, Financial sector stability, Financial services, Liquidity, Loans, Oil prices, Prices, Yield curve
Keywords: bank assets, banking sector, basis point, central bank, Commercial banks, CR, exchange rate, financial system, foreign exchange, Global, ISCR, Liquidity, liquidity ratio, Loans, net income, Oil prices, reverse repo, U.S. dollar, yield curve, Yield curve
Pages:
41
Volume:
2012
DOI:
Issue:
092
Series:
Country Report No. 2012/092
Stock No:
1SAUEA2012001
ISBN:
9781475503043
ISSN:
1934-7685
