Mohammad Al-Hashel, governor of the Central Bank of Kuwait (CBK), was appointed in 2012. Since then, the country’s banking system has gone from strength to strength. Building on the work of his predecessor, Mr Al-Hashel has shored up confidence in Kuwait’s financial sector after a damaging financial crisis.
Today, Kuwait is widely regarded as one of the best-regulated banking jurisdictions anywhere in the world. Much of this reputation rests on the work of the CBK, which has, as the International Monetary Fund notes, been proactive in strengthening regulatory oversight and mitigating financial stability risks.
