Regulatory Alerts2011-12-31
SAMA Enhancement #1 to Bank Disclosure Requirements Under the Basel II Framework Pillar 3 Component
The Saudi Arabian Monetary Agency (SAMA) issued Enhancement #1 to mandate updated qualitative and quantitative disclosure templates for banks' securitization activities under the Basel II Framework Pillar 3 regime. The updated requirements address trading book exposures, off-balance sheet vehicle sponsorship, internal assessment approaches, re-securitization, valuation, and pipeline risks. Banks must implement the attached Pillar 3 disclosure templates starting January 1, 2012, with initial reporting covering data as of June 30, 2012.
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