Evolution of SAMA’s Role and Monetary and Macro Prudential Policies

Mohamed Ramady ()

Chapter Chapter 1 in Financial Regulation and Liberation, 2021, pp 1-20 from Springer

Abstract: Abstract The chapter examines SAMA’s evolution of its role from establishment to date and its monetary and macro prudential policies, as well as the challenges faced by the different SAMA governors since its establishment in 1952 and Royal approval to transform SAMA to a Central Bank in 2020. The centrality of a fixed peg currency regime is examined and current SAMA oversight of Fintech, Cybersecurity and anti-money laundering programs. SAMA’s role in managing the country’s reserves and the role of the Public Investment Fund are examined, as well as SAMA’s regulation of the growing insurance sector to ensure the growth of a Saudi insurance hub.

Keywords: SAMA; Saudi Riyal; SAMA Governors; Fintech; Monetary and Macro-Prudential Policies; Fixed peg; PIF; Insurance (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-030-68267-5_1

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DOI: 10.1007/978-3-030-68267-5_1

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