Saudi Arabia : financial sector assessment program update: detailed assessment of observance of the basel core principles for effective banking supervision.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, 2013.
Description:	1 online resource (41 pages).
Language:	English
Series:	IMF Staff Country Reports; Country Report No. 13/213 IMF Staff Country Reports; Country Report No. 13/213.
Subject:	Banks and banking -- State supervision -- Saudi Arabia. Financial services industry -- State supervision -- Saudi Arabia. Banks and banking -- State supervision. Financial services industry -- State supervision. Saudi Arabia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12502130

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund.
ISBN:	9781484364130 9781484385982 1484364139 9781484364130
ISSN:	2227-8907
Summary:	This paper focuses on Saudi Arabia's Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision. The banking sector is fairly concentrated around a few banks. The seven largest banks have a combined share of assets of 85 percent. The three largest banks have a combined share of about 45 percent, and the next four each have market shares exceeding 5 percent. The dominant shareholders of the three largest banks are government entities, the fourth largest is linked to a family business group, and the next three have ties to major international banks. Saudi Arabia implements International Financial Reporting Standards for banks, and insurance companies, and is served by the major accounting firms.
Standard no.:	10.5089/9781484364130.002

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