I need the Academic literature review section fro my thesis, and please write the literature with fully concentration on the topic of the research, and you can understand it from the below abstract. As a comparative study please divide the work into the Saudi Arabian Monetary ~Agency and the Bank of England. Also, be aware about the aspects you will address on the literature review according to the chapters titles below.
In fact this part of the research is important and I have been addressed on each chapter the related study, but it will be worth for the thesis if I add this section on the introduction chapter and will mention on the literature review more details about these aspects will be on the related chapter.
BANKING CONTROL LAWS IN SAUDI ARABIA, SHORTCOMINGS AND DEVELOPMENT
A Comparative study in banking supervision between The Saudi Arabian Monetary Agency and The Bank of England
The thesis examined the extent to which it was necessary for the Saudi Arabian Monetary Agency (SAMA), as a central bank, to update the Banking Control Law 1966 (BCL) in order to gain greater independence to ensure that it would have sufficient flexibility to develop the banking industry yet still be able to make sound decisions in the area of banking supervision. Using a comparative study approach, the thesis aimed at finding the best practices for adoption by SAMA. The Bank of England, as a central bank that enjoys a high degree of independence, presented a good
opportunity for a case study. The perspectives of the World Bank, the International Monetary Fund and commercial banks in Saudi Arabia are examined, including an analysis of their recommendations regarding SAMA regulations on banking supervision. The thesis uncovered several issues that are important for SAMA as the central bank in a country that is a member of the G20, and which has recently had to face unstable oil prices. The thesis also discusses conflicts of interest that arose when the Saudi government became a shareholder in commercial banks while simultaneously regulating SAMA through the Ministry of Finance, resulting in a monopoly that disabled free competition in the banking sector. The thesis recommends further steps for SAMA to develop the banking industry, which is an important arm of the Saudi economy, and examines the challenges SAMA faces in updating regulations such as the BCL under Sharia law. The author also suggests practical solutions to tackle the challenges faced by the Saudi banking sector. The thesis found that these challenges could be avoided if SAMA focused on Islamic banking products and fixed regulatory gaps.
1- Introduction chapter.
2- LEGAL ASPECTS OF SAUDI ARABIAN MONETARY AGENCY AND THE BANK OF ENGLAND.
3- BANK OF ENGLAND AND ITS INDEPENDENCE.
4- INTERNATIONAL MONETARY FUND AND THE WORLD BANK EXPERTS – COMMERCIAL BANK PERSPECTIVES .
5- THE PRACTICAL SOLUTIONS FOR SAUDI ARABIAN MONETARY AGENCY CHALLENGES AND POSSIBILITY.
6- Concluding Chapter.
I hope everything is clear, please feel free if you have any questions.
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