Banks in Kuwait to undergo stress tests for third time

Kuwait's central bank will ask banks to undergo stress tests for the third time since the financial crisis began, its central bank governor said.

Sheikh Salem Al Sabah said the central bank would ask local banks to conduct stress tests according to methodology he will determine.

The governor said he is "more comfortable" with the economic situation in general than he was in the fourth quarter of last year. "I have no concern for the financial system in the presence of the financial stability decree law," Sheikh Salem told Al Rai newspaper.