Conclusion History and experience show that stable economic growth is aided by strong regulatory buffers that bolster the resilience of our large banking organizations and help reduce the severity of downturns.
This process culminated in September last year, with the passage of new legislation and the replacement of the BMA with a new organization – the Central Bank of Bahrain. This was a far reaching reform, creating the first integrated regulator in the region, and bringing together under one roof both prudential and conduct of business regulation for the whole financial sector.