Regulatory Alerts2014-12-28
Finalized Guidance Document and Prudential Returns Concerning Net Stable Funding Ratio (NSFR) based on BCBS Document of October 2014
The Saudi Arabian Monetary Agency (SAMA) has issued its Net Stable Funding Ratio (NSFR) framework, incorporating General and Specific Guidance Notes and Prudential Reporting Templates based on the BCBS document of October 2014. Effective January 1, 2015, all banks are required to utilize this framework and submit quarterly Prudential Returns, with the first submission for data as of March 31, 2015, due by April 30, 2015. SAMA will issue further instructions on national discretions for specific items, and the NSFR will transition to a minimum standard by January 1, 2018.
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