Financial Regulatory Forum

G20 must implement bank supervision measures – Saudi

Muhammad al-Jasser, governor of the Saudi Arabian Monetary Agency (SAMA), gestures during a news conference in Riyadh September 1, 2009. JEDDAH, Sept 2 (Reuters) – Group of 20 developed countries must stick to banking oversight regulations agreed in the wake of the global financial crisis to avoid a future credit crunch, Saudi Arabia’s central bank governor told the local press agency, citing concerns over backsliding.

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Saudi central bank says system safe from Saad, Algosaibi problems

Muhammad al-Jasser, governor of the Saudi Arabian Monetary Agency (SAMA), gestures during a news conference in Riyadh September 1, 2009. Saudi Arabia's central bank sees no risk to the country's banking system from two troubled conglomerates but it has set up a panel to examine the two and take appropriate action, the bank's governor said on Tuesday.    REUTERS/Fahad Shadeed    (SAUDI ARABIA POLITICS BUSINESS) By Souhail Karam
RIYADH, Sept 1 (Reuters) – The head of the Saudi central bank said on Tuesday the financial troubles of two private conglomerates could hurt the profits of the banks involved but posed no systemic risk to the nation’s banking system.

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