United Arab Emirates: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision and Payment Systems

International Monetary Fund

No 2003/020, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents key findings of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems for the United Arab Emirates (UAE). The UAEs financial sector and financial sector supervision are developing unevenly. The financial sector is dominated by well-supervised banks, which pose minimal near-term systemic risk. Although the payment systems are simple and far from state-of-the-art, they are well managed, and systemic risks are limited.

Keywords: ISCR; CR; CBU; company; CBU staff; supervision method; banking license bank; bridge financing; CBU representative; CBU supervision method; financial situation; issue CBU guideline; liquidity support; market structure; Protect bank staff members; review CBU procedure; banking law; monetary policy; Payment systems; balance sheet; foreign currency; financial system; banking sector; Bank legislation; Commercial banks; Bank supervision; Foreign banks; Global (search for similar items in EconPapers)
Pages: 55
Date: 2003-01-27
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