Regulatory Alerts2003-08-18
Instructions to Banks on Monitoring Financial Transactions with Institutions Facing Severe Crisis
The Central Bank of Kuwait mandates all local banks to immediately report and provide monthly updates on financial transactions with international institutions facing severe crisis. Subsequent directives extended this obligation to cover market disruptions in Southeast Asia and Russia, ensuring continuous assessment of cross-border exposures. Effective October 2001, the Central Bank discontinued this reporting requirement following sustained market stability and completed risk evaluations.
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