Financial Sector Assessment : Kuwait
A joint International Monetary Fund (IMF)-World Bank financial sector assessment team visited Kuwait in early September 2003, at the request of the government of Kuwait and the central bank. This financial sector assessment report is based on analy...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/06/17893062/kuwait-financial-sector-assessment http://hdl.handle.net/10986/15943 |
| Summary: | A joint International Monetary Fund
(IMF)-World Bank financial sector assessment team visited
Kuwait in early September 2003, at the request of the
government of Kuwait and the central bank. This financial
sector assessment report is based on analyses undertaken
during that mission. The principal objective of the mission
was to assist the authorities in evaluating the strengths,
vulnerabilities, and key development opportunities in the
financial system. The team sought to identify the measures
that should be taken, both to avoid potentially
destabilizing conditions and thereby reduce financial sector
vulnerabilities, and to improve the foundation for a sound,
efficient and deep financial sector that would contribute to
economic development, particularly of the non-oil segment of
the Kuwaiti economy. The mission also provided an assessment
of the observance of international standards and codes in
financial regulation and supervision covering three
international standards and codes: the base core principles
for effective banking supervision; the objectives and
principles of securities regulation; and the anti-money
laundering and combating the financing of terrorism
standards. These standards assessments underpin the analysis
and recommendations of this report. |
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