Press Releases
The Fourth Edition (September 2023) a Glimpse into the Impact of Digital Transformation on Financial Stability
The Central Bank of Kuwait (CBK) releases the fourth edition (September 2023) which is one of the quarterly series the CBK has been issuing since November 2022, as part of the CBK’s ongoing efforts to keep abreast with the global trends of central banks in enhancing disclosure and transparency by covering some carefully selected economic, monetary and banking topics with the aim to raise awareness and highlight CBK’s efforts on the area of monetary and financial stability. The first part titled “The Impact of Digital Transformation on Financial Stability” of this fourth edition highlights the digital transformation in the Local and global banking industry, opportunities and advantages for the banking system, the significant challenges and risks, the role of central banks in mitigating financial stability risks, and the CBK’s efforts to foster digital transformation. The second part titled “The Foremost Global Developments and Monetary Policy Trends” provides a brief on the global developments and monetary policy trends of selected central banks, and the CBK’s monetary policy directions. This is the third issue in 2023.
