IMF Staff Country Reports

Saudi Arabia: Financial System Stability Assessment: Update

April 18, 2012

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Saudi Arabia: Financial System Stability Assessment: Update", IMF Staff Country Reports 2012, 092 (2012), accessed December 21, 2024, https://doi.org/10.5089/9781475503043.002

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Summary

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

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