Omani central bank releases first financial stability report

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The Central Bank of Oman released its first financial stability report last week, in which it revealed the creation of an independent financial stability unit to operate macro-prudential policy.

The report identified a need to develop a "diagnostic toolkit that simultaneously traces the development of macro-financial conditions that pose risks to financial stability", while also "assessing the joint impact of all these risk factors on systemic stability".

While the central bank's regulatory

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