United Arab Emirates: 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

January 27, 2003

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International Monetary Fund. Monetary and Capital Markets Department "United Arab Emirates: 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 2003, 020 (2003), accessed November 21, 2024, https://doi.org/10.5089/9781451801088.002

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Summary

This paper presents key findings of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems for the United Arab Emirates (UAE). The UAEs financial sector and financial sector supervision are developing unevenly. The financial sector is dominated by well-supervised banks, which pose minimal near-term systemic risk. Although the payment systems are simple and far from state-of-the-art, they are well managed, and systemic risks are limited.

Subject: Bank legislation, Bank supervision, Banking, Commercial banks, Financial institutions, Financial markets, Financial regulation and supervision, Foreign banks, Payment systems

Keywords: Balance sheet, Bank legislation, Bank supervision, Banking law, Banking license bank, Banking sector, Bridge financing, CBU, CBU representative, CBU staff, CBU supervision method, Commercial banks, Company, CR, Financial situation, Financial system, Foreign banks, Foreign currency, Global, ISCR, Issue CBU guideline, Liquidity support, Market structure, Monetary policy, Payment systems, Protect bank staff members, Review CBU procedure, Supervision method

Publication Details

Pages:

55
Volume:

2003
DOI:

https://doi.org/10.5089/9781451801088.002
Issue:

020
Series:

Country Report No. 2003/020
Stock No:

1AREEA0012003
ISBN:

9781451801088
ISSN:

1934-7685

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