Kuwait: Financial System Stability Assessment: Update

July 30, 2010

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Format: Chicago

Kuwait: Financial System Stability Assessment: Update, (USA: International Monetary Fund, 2010) accessed December 24, 2024

Summary

The study shows that the global financial crisis has adversely affected Kuwait’s financial system, especially in the Investment Company (IC) sector. Stress tests indicate that, in contrast to the ICs, the banking system could broadly withstand significant shocks. The Central Bank of Kuwait's (CBK) well-designed framework for banks has proven effective in shielding the banking sector from the crisis. It shows that the enactment of the capital market law is an important step toward the creation of Certified Management Accountant (CMA). The study shows that a powerful regulatory regime is needed for the insurance sector.

Subject: Asset and liability management, Banking, Capital adequacy requirements, Commercial banks, Financial crises, Financial institutions, Loans, Nonperforming loans

Keywords: Asset quality, Asset-liability structure, Balance sheet composition, Banking system, CBK law, Commercial banks, CR, Due diligence, Financial crisis, Financial support, Global, ICs asset, Interest rate, ISCR, Loans, Market risk stress tests, Nonperforming loans, One-way market, Price discovery, Return on assets, Risk profile, Risk stress tests

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/239
Stock No:

1KWTEA2010003
ISBN:

9781455204878
ISSN:

1934-7685

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