A speech delivered by H.E. the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel in Euromoney Conference held in the State of Kuwait, September 9th 2014. The Speech can be found in both English and in Arabic
http://www.cbk.gov.kw/PDF/Euro09Sep2014.pdf
http://www.cbk.gov.kw/PDF/Euro09Sep2014AR.pdf
The speech outlines the role of the Central Bank as a regulatory capacity and the considerable progress towards adoption of Basel lll in Kuwait. It also addressed the real estate sector finance regulation and prudential risk
From the closing remarks:
“Finally, I observe that the global banking and financial industry is witnessing
a new era of structural and regulatory reform aimed at strengthening
monetary and financial stability and in the long run establishing overall
economic stability. Therefore, we, the regulatory authorities and banking
and financial units, should derive benefits from such reforms by adopting
the correct approach in developing our banking and financial systems in
view of the regional and international experiences, as well as implementing
the best international practices taking into consideration the vital role of
banks in the national economy and their deep relations with the society. ”
