Middle East Economic Survey

VOL. XLVII

No 23

07-June-2004

KUWAIT

REGIONAL BANKING

Kuwait Financial System Sound, But Needs Further Development, Says IMF

A Financial System Stability Assessment (FSSA) report on Kuwait by the International Monetary Fund (IMF) has concluded that while banking regulation and supervision are broadly in line with international standards, the CBKs role should be expanded and the legal and regulatory frameworks for other parts of the financial system need to be further...