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CBO Holds Fourth Board Meeting of the Year<img alt="" src="https://publishing.bnet.om/sites/assets/PublishingImages/English/News/news18Dec17New.jpg" style="BORDER:0px solid;" />12/16/2018 8:00:00 PMCBO Holds Fourth Board Meeting of the YearThe Central Bank of Oman's Board of Governors held its Fourth meeting of this year on Monday 17th December 2018 at CBO HQ, CBD Area, Muttrah.<p style="text-align:justify;"><span class="ms-rteFontSize-3">The Central Bank of Oman's Board of Governors held its Fourth meeting of this year on Monday 17<sup>th</sup> December 2018 at CBO HQ, CBD Area, Muttrah. The meeting was chaired by H.E. Sultan bin Salim bin Saeed Al-Habsi, Deputy Chairman of CBO's Board of Governors.</span></p><p style="text-align:justify;"><span class="ms-rteFontSize-3">The meeting set off with review of items presented on the agenda. The Board reviewed CBO's financial position as of 30 November 2018, along with reports on the recent performance of CBO's external investments. The Board also reviewed CBO report on the economic and financial developments in the Sultanate, as well as a report on financing of small and medium enterprises in the country.    </span></p><p style="text-align:justify;"><span class="ms-rteFontSize-3">In addition, the Board reviewed the regulations related to the National Payment Systems Law issued under Royal Decree No. 8/2018 on 20 February 2018. The Board also approved the proposed Bank Resolution Framework as a step to reinforce further financial stability in the Sultanate's banking sector. The Framework provides regulatory instruments necessary for enhancing banks' ability to absorb risks and shocks and mechanisms that ensure minimizing the impacts of such risks on the sector. The Board also approved the annual budgets of CBO for the year 2019.</span></p><p style="text-align:justify;"><span class="ms-rteFontSize-3">Finally, the Board reviewed the Omani Financial Sector Assessment Program (FSAP) of the International Monetary Fund and World Bank, and discussed a host of other topics on which appropriate decisions were made.     </span>  </p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB701001A1EADFFD0CD66409B1A45E335F4666A

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