European Parliament Library

Kuwait :, Financial System Stability Assessment: Update

Abstract
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
Table Of Contents
Cover; Contents; Glossary; Executive Summary; Tables; 1. Risk Assessment Matrix; 2. Priority Recommendations; I. Macroeconomic and Financial Sector Developments Since the 2004 FSAP; A. Pre-Crisis Developments; 3. Structure of the Financial System, 2004-; Figures; 1. Selected Emerging Markets' Banking Indicators, 2009; 2. Composition of IC Assets; B. The Aftermath of the Global Financial Crisis; Boxes; 1. Investment Companies: Rising Systemic Importance; 4. Selected Economic Indicators, 2004-10; II. Financial Sector Vulnerabilities; A. Banks; 5. Financial Soundness Indicators, 2005-09
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786612847325

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