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Finance & Accounting
Pages 6 (1506 words)
GCC central Bank Contents Executive Summary 3 Introduction 3 Discussion 4 Recommended Structure of the Central Bank for GCC 4 Comparison between GCC Central Bank & European Central Bank 5 Arguments for GCC Central Bank 6 Objectives and functions for GCC central Bank 7 Conclusion 8 References 9 Executive Summary The project discusses the proposal of forming a Central Bank in the Gulf region that regulates the economy of the Gulf member countries.
The objectives of the Central bank and the proposed functions of the Central Bank in GCC have been proposed to uphold the best interest of the Gulf economy. Introduction The banking industry of Gulf Cooperation Council is based on then six main GCC countries- Saudi Arabia, Kuwait, Bahrain, Oman, Qatar and the United Arab Emirates. The GCC central bank is likely to face new opportunities and challenges as the Gulf countries experience major changes in the economic and demographic sectors. The banking industry in the Gulf countries is majorly evolving with the market being majorly transformed and driven by consumer demands. A major shift is noted in the industry creating a diverse customer base for the banks which will include an increasing number of women and youth. The central bank should shift to more customer centric approach to create value for the customers and implement a model which provides a higher level of service for the customers. ...
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