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.
�aubi �rabian fflonttarp �gtncp Banking Supervision Dept. From Saudi Arabian Monetary Agency 351000112061 : ,........;ll 1435/08/27 : 1:;'.;L..:ill : .:.U .,.JI CC H.E. Abdulaziz AI-Helaissi, Deputy Governor for Supervision To All Banks Attention : Managing Directors, Chief Executive Officers and General Managers Subject Basel Committee on Banking Supervision Consultative Document regarding Supervisory guidelines for identifying and dealing with weak banks (__.1 The Basel Committee is publishing a consultative document on supervisory guidelines for identifying and dealing with weak banks. Weak banks are a worldwide phenomenon. The Supervisory and Regulatory authority such as SAMA should be ready to deal with them. This document provides a toolkit offering practical guidelines in the areas of problem identification, corrective action, resolution techniques and exit strategies. The Banks can access this BCBS document from BIS website: www.bis.org where they are expected to review it and provide comments by 21 August 2014 by e-mail. Best regards, 7 Alwaleed Alsheikh Director of Banking Supervision P. 0. Box 2992 - Riyadh 11169, Saudi Arabia - Tel.: 01-463 3000 - Telex 404390 SJ - Fax 01-466 2119