Kuwait: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Anti-Money Laundering and Combating the Financing of Terrorism

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2004 Issue 151

Publication date: May 2004

ISBN: 9781451822298

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Topics covered in this book

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Banks and Banking , Finance , ISCR , CR , CBK , bank , deposit , securities , company , exchange rate , CBK regulation , interest rate , banking system , U , S , dollar , insider trading , CBK official , capital market , bank merger , Loans , Stock markets , Commercial banks , Insurance , Securities markets , Global

Also of interest

Peru

Nepal

Grenada

Republic of Congo : 2001 Article IV

Summary

This Financial System Stability Assessment on Kuwait reviews the macroeconomic environment and gives an overview of the financial system. Financial stability has been effectively supported by prudent fiscal and monetary policies. The banking sector appears sound and is well regulated and supervised. Sensitivity to market risk is limited owing to the short-maturity structure of interest bearing instruments, while exchange rate risk has been contained by strict enforcement of prudential requirements. Equity prices have once again increased markedly and reached new record highs.