Chapter 1. Evolution of SAMA’s role and monetary and macro prudential policies -- Chapter 2. The Saudi banking sector: from Saudization to Liberalization and its role in economic development -- Chapter 3. The Saudi Capital Market: coming of age -- Chapter 4. Unfinished business challenges...

We propose a regulatory approach for restricting debt financing as an amplification mechanism across the financial system. A small stylised model illustrates the trade-off between static and time varying limits on leverage in dampening the financial cycle. The policy section proposes its...

This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation, supervision and resolution of central counterparty clearing houses (CCPs). New regulation in the U.S. and in Europe renders the involvement of a central counterparty mandatory for...

The Backdrop : Transformation of the Traditional Commodity-Based Economy of the Kingdom of Saudi Arabia -- Saudi Capital Market and Its Role in the Saudi Economy -- Developing an Effective Securities Dispute Resolution Mechanism -- Disclosure Regulations and Their Enforcement in the Saudi...