Saudi Central Bank Chief: Financial System Remains Stable Despite Market Pressures

Saudi Central Bank Governor Ayman Al-Sayari said the Kingdom’s financial system continues to demonstrate resilience and stability despite recent market pressures, attributing this to the advancement of regulatory frameworks and stronger international cooperation following the global financial crisis.

Speaking during the third G20 Finance Ministers and Central Bank Governors Meeting under South Africa’s presidency, Al-Sayari told a session on “Financial Sector Issues and Financial Inclusion” that persistent global trade uncertainty, rapid technological shifts, and mounting fiscal burdens continue to pose challenges, complicating monetary policy and leading to international divergence.

Al-Sayari emphasised that policy stability, enhanced cybersecurity cooperation, and capacity building are crucial in mitigating the risks posed by rising debt levels, trade volatility, and technological disruptions—factors that exacerbate financial stability concerns and market functioning risks.

He added that coordinated international responses to the growing influence of non-bank financial institutions play a key role in supporting emerging and developing economies. Leveraging the flexibility of financial systems, he said, will help ensure more effective and broad-based policy implementation.