IMF Staff Country Reports

Saudi Arabia: 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

June 5, 2006

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International Monetary Fund. Monetary and Capital Markets Department "Saudi Arabia: 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 2006, 199 (2006), accessed December 21, 2024, https://doi.org/10.5089/9781451833508.002

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Summary

The capacity of the Saudi Arabian banking sector to respond to macroeconomic shocks has been considerably strengthened over the past decade. The Saudi Arabian Monetary Agency (SAMA ) has been actively monitoring some emerging portfolio trends. Comprehensive reforms are under way to deepen financial markets and increase access to financial services. Resolving structural issues remains an obstacle for the market development. SAMA adheres to the Basel Committee’s Core Principles for Effective Banking Supervision, and it makes no differentiation between conventional and Sharia-compliant banking arrangements.

Subject: Banking, Capital markets, Commercial banks, Financial institutions, Financial markets, Financial services, Loans, Payment systems

Keywords: Banking sector, Capital markets, Commercial banks, CR, Financial system, Global, Interest rate, ISCR, Loans, Payment systems, SAMA charter, SAMA regulation, SAMA-administered merger, SAMA's repurchase, Settlement system

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