Press Release: CBK Hosting IMF Panel Discussion on Banking Supervision & Oversight

The Central Bank of Kuwait (CBK) is hosting a high-level panel discussion organized by the International Monetary Fund (IMF) Middle East Center for Economics and Finance (CEF) on banking supervision and oversight.

The event, scheduled for March 24-28, 2019, would gather representatives from central banks and monetary agencies of the countries of the Gulf Cooperation Council (GCC). Dr. Mohammad Y. Al-Hashel, Governor of CBK, said the panel’s objectives are capacity building, honing supervision and oversight methods, and ensuring compliance with international best practices.

Topics on the agenda include reinforcing central banks’ oversight and supervision over the banking sector, the latest Basel III reform initiative developments, Liquidity Ratios and Leverage Ratio, as well as the revised standardized approaches to credit-risk and to operational-risk. Participants would also discuss capital requirements for Domestic Systemically Important Banks (D-SIBs) and capital buffers to counter economic instability.

This is one in a series of panel discussions the CBK hosts, and aims at capacity building among GCC central banks and monetary agencies’ professionals and keeping them abreast with the latest developments in their respective fields.

The Governor stressed the vital role central banks play in sustaining financial stability. This, he concluded, calls for upskilling of staff capabilities in line with relevant international best practices.

Source: Ministry of Central Bank