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Kuwait: Financial System Stability Assessment: Update

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  • International Monetary Fund

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.

Suggested Citation

  • International Monetary Fund, 2010. "Kuwait: Financial System Stability Assessment: Update," IMF Staff Country Reports 2010/239, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/239
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    Cited by:

    1. Besong, Susan Enyang & Okanda, Tellma Longy & Ndip, Simon Arrey, 2022. "An empirical analysis of the impact of banking regulations on sustainable financial inclusion in the CEMAC region," Economic Systems, Elsevier, vol. 46(1).
    2. Nancy Ahmed & Seung-Hwan Kim, 2020. "Developing Small and Medium-Sized Enterprises in Islamic Developing Countries: Exploring the Influential Factors for Egypt," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(6), pages 670-679, June.

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