Regulatory Alerts2012-01-18
SAMA's Amended IRB Prudential Returns and Guidance Notes Package with FAQs
The Saudi Arabian Monetary Agency (SAMA) has finalized its Internal Ratings-Based (IRB) Prudential Returns, enhanced Guidance Notes, and a companion FAQ document incorporating industry feedback. All regulated banks must complete and submit these reporting packages to the Agency within thirty days following each quarter end. Regular reporting obligations commence at the quarter end immediately following SAMA's regulatory approval for a bank to utilize IRB Approaches for calculating credit risk capital requirements.
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