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Central Bank of Oman Launches Composite Financial Stability Indicator for Oman7/2/2023 8:00:00 PMCentral Bank of Oman Launches Composite Financial Stability Indicator for OmanThe Central Bank of Oman (CBO) announces the publication of a working paper unveiling the first ever Composite Financial Stability Indicator (CFSI) for Oman. <div style="text-align:justify;"></div><p style="text-align:justify;">​</p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">The Central Bank of Oman (CBO) announces the publication of a working paper unveiling the first ever Composite Financial Stability Indicator (CFSI) for Oman. The CFSI serves as a comprehensive measure to capture the essence of financial stability in the Sultanate of Oman, providing stakeholders and policymakers with valuable insights into the current state and evolution of financial stability over time. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">The CFSI aggregates five essential sub-indicators that effectively reflect the financial stability landscape in Oman, with the aggregate CFSI rated on a scale of 1 to 5, with 1 representing lower stability and 5 higher stability. These sub-indicators include Banking stability, systemic risk, debt sustainability, currency stability and capital market certainty. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">The overall results of the CFSI from 2008 to 2021, demonstrates strong stability. However, during the early stages of the pandemic, the CFSI of the Sultanate saw a drop primarily attributed to deteriorating debt sustainability, capital market deterioration, and increased systemic risk resulting from the contraction of economic activity vis a vis bank lending and higher lending premiums during the pandemic period. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">The CFSI will be updated annually and made available to the public through the annually published Financial Stability Report, with the objective of enhancing transparency and ensuring that vital information reaches a wide range of stakeholders. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">With the introduction of the CFSI, the CBO reiterates its commitment to transparency, open communication with stakeholders, and evidence-based policy making. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">More details can be found in Working Paper 1/2023: "A Rating-based Composite Indicator of Financial Stability", which can be accessed via the Occasional Papers</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Tab on the Central Bank of Oman's official website </span><a href="http://www.cbo.gov.om/"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">http://www.cbo.gov.om</span></a><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">. </span><br class="ms-rteThemeFontFace-1 ms-rteFontSize-3"></p><p style="text-align:justify;"><br class="ms-rteThemeFontFace-1 ms-rteFontSize-3"></p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9

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