## Saudi Arabia: Financial System Stability Assessment

_IMF Staff Country Reports, September 4, 2024_

## Source details

**Canonical URL:** [Saudi Arabia: Financial System Stability Assessment](https://www.imf.org/en/publications/cr/issues/2024/09/03/saudi-arabia-financial-sector-assessment-program-financial-system-stability-assessment-554533)

## Other formats

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## Bibliographic details
- Published: September 4, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400288074.002

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### Context and background
- FSAP conducted against a backdrop of a robust economy driven by an ambitious state-led transformation agenda to accelerate Saudi Arabia’s economic diversification (Vision 2030).
- The Kingdom’s sovereign wealth fund plays a key role in implementing and funding the economic transformation.
- At present, financial sector risks from the rapid economic transformation appear contained.

### Key findings on financial sector resilience
- Banks are well-capitalized, profitable and appear resilient to severe macroeconomic shocks.
- Banks’ capacity to manage liquidity stress scenarios is generally good, although funding concentration is sizable.
- Authorities have made commendable efforts to mitigate risks from the rapidly growing credit and real estate market.
- Significant data gaps create challenges for systemic risk monitoring.

### Policy priorities and recommendations
- Strengthen systemic risk monitoring to address existing data gaps.
- Enhance legal, institutional, and operational frameworks in support of financial stability going forward.

### Thematic coverage and technical scope
- Subject areas: Anti-money laundering and combating the financing of terrorism (AML/CFT); Commercial banks; Crime; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Financial sector stability; Macroprudential policy.
- Keywords (as listed): Anti-money laundering and combating the financing of terrorism (AML/CFT), B. bank stress tests, Commercial banks, coverage ratio, Financial sector stability, Global, liquidation framework, liquidity stress scenario, Macroprudential policy, mission chief World Bank, World Bank FSAP team member.

### Publication and document specifics
- Pages: 65
- Volume: 2024
- Issue: 281
- Series: Country Report No. 2024/281
- DOI: https://doi.org/10.5089/9798400288074.002
- Stock No: 1SAUEA2024002
- ISBN: 9798400288074
- ISSN: 1934-7685
- Publication date shown on the landing page: September 4, 2024

*Source: Saudi Arabia: Financial System Stability Assessment — IMF Staff Country Reports (landing page content).*

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## Content in this bundle

- **Executive Summary**
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_Source: https://www.imf.org/en/publications/cr/issues/2024/09/03/saudi-arabia-financial-sector-assessment-program-financial-system-stability-assessment-554533_