Regulatory Alerts2012-09-29
SAMA Consultative Draft on Basel II.5 Implementation (Standardized and IRB Approaches)
The Saudi Arabian Monetary Authority (SAMA) issued this consultative draft to implement Basel II.5, establishing standardized and internal ratings-based (IRB) capital adequacy frameworks alongside Pillar 2 ICAAP and Pillar 3 disclosure requirements. All domestic banks must submit comments by 10 October 2012, while foreign bank branches will coordinate directly with SAMA and their home supervisory authorities regarding capital adequacy planning. The finalized framework takes effect on 1 January 2013, with the first quarterly prudential returns due by 30 April 2013 covering data as of 31 March 2013.
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