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The CMA is responsible for regulating the financial service industry of Oman. The CMA was established on January 9, 1999. [1] [2] Its responsibilities include setting and policing financial rules and regulations and developing the capital markets, this includes regulating the Muscat Securities Market.
Sultan of Oman was nominally the Minister of Finance from January 1972 [9] until August 2020. There was a minister responsible for financial affairs. Abd al Hafiz Salem Rajab, January 1972 - 1973 (minister of economy) Qais Al-Zawawi, 1982 [9] - September 1995 [10] [11] Ahmed bin Abdul Nabi al Makki, 1995 - March 2011 [12]
Oman Investment Authority (OIA) is the investment arm of the Sultanate of Oman, established by Royal Decree No. 61/2020. It is a sovereign wealth fund operating as an autonomous legal entity with complete financial and administrative independence, reporting directly to the Council of Ministers.
The Central Bank of Oman is responsible for maintaining the stability of the national currency the Omani Rial and ensuring monetary and financial stability in a deregulated and open financial system. The capital base of the CBO which was one million Omani Rials at the commencement of operations in 1975, was strengthened over time and since ...
Muscat Securities Market. The Muscat Securities Market (MSM, Arabic: سوق مسقط للأوراق المالية) is the only stock exchange in Oman. [2] It was established by the Royal Decree (53/88) issued on 21 June 1988, to regulate and control the Omani securities market and to participate, effectively, with other organisations for setting up the infrastructure of the Sultanate's ...
Basel III requires banks to have a minimum CET1 ratio (Common Tier 1 capital divided by risk-weighted assets (RWAs)) at all times of: . 4.5%; Plus: A mandatory "capital conservation buffer" or "stress capital buffer requirement", equivalent to at least 2.5% of risk-weighted assets, but could be higher based on results from stress tests, as determined by national regulators.
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister , an executive or cabinet position .
Security - information and systems are protected against unauthorized access and disclosure, and damage to the system that could compromise the availability, confidentiality, integrity and privacy of the system. Firewalls; Intrusion detection; Multi-factor authentication; Availability - information and systems are available for operational use.