Saudi Arabia : Financial System Stability Assessment.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2017/318

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (37 pages)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2017.

Summary:

This paper assesses the stability of Saudi Arabia’s financial system as a whole. Banks—the core of the Saudi financial system—remain liquid and resilient. Stress tests show that most banks, including all systemically important banks, would be able to continue operating and meeting regulatory capital requirements in the event of additional severe economic shocks, characterized by oil prices falling substantially below current levels. Despite the recent liquidity challenges, all banks would also be able to cope with additional adverse liquidity shocks. The authorities’ ambitious agenda for improving macro- and microprudential financial sector oversight should be fully implemented and, in some cases, enhanced and further refined.

Contents:

Cover

CONTENTS

Glossary

EXECUTIVE SUMMARY

BACKGROUND

RISKS AND RESILIENCE

A. Banking System Resilience

B. Systemic Liquidity

FINANCIAL STABILITY POLICY FRAMEWORK

A. Macroprudential Policy

B. Banking Supervision

FINANCIAL SAFETY NETS

DEVELOPMENTAL ISSUES

FIGURES

1. Financial System Structure

2. Financial Soundness Indicators

3. FSI Cross-Country Comparison and Banks' Balance Sheet Compostion

4. Indicators of Macroeconomic and Financial Conditions

5. Forward Short-Term Interest Rates, Oil Prices, and Key Official Measures

6. Baseline and Adverse Solvency Stress Test Scenarios

7. Adverse Stress Test Scenario Results

8. Liquidity Coverage Ratio with Standard and with Augmented Runoff Rates

TABLES

1. FSAP Key Recommendations

2. Selected Economic Indicators, 2013-2018

3. Structure of Financial System

4. Financial Soundness Indicators

5. Status of Key Recommendations of the 2011 FSAP

6. Financial Sector Policy Advice in Recent Article IV Missions

7. Risk Assessment Matrix

8. Banking Sector Macroprudential Tools

APPENDIX

I. Top-Down Stress Test Matrix (STeM) for the Banking Sector: Solvency and Liquidity Risks.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781484323465

1484323467

9781484323540

1484323548

OCLC:

1007842030