Regulatory Alerts2014-06-25
Supervision Guidelines for Identifying and Dealing with Weak Banks
The Saudi Arabian Monetary Agency issued a directive requiring all banks to review the Basel Committee on Banking Supervision’s consultative document on supervisory guidelines for identifying and managing weak banks. The framework provides a practical toolkit covering problem identification, corrective actions, resolution techniques, and exit strategies for underperforming financial institutions. Banks must submit their comments via email to the Banking Supervision Department by 21 August 2014.
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