Regulatory Alerts2012-07-22
Basel Committee Final Rules on Bank Disclosures of the Composition of Capital
The Saudi Arabian Monetary Authority (SAMA) has issued guidance implementing the Basel Committee’s final rules on bank capital composition disclosures. Banks must integrate these minimum requirements into regular financial reporting and corporate websites according to specified implementation dates and reporting frequencies. The directive directs institutions to the Bank for International Settlements for full documentation and provides SAMA’s Basel III Team as the primary contact for technical inquiries.
Ba11ki11g Supervisio11 Dept. 3. Further, it should provide guidance on how relevant disclosures are to be included in the regular reporting of banks' financial statements and on their websites. For Implementation Date and Frequency of Reporting, we refer you to paragraphs 5, 6 & 7 of the Document. You may access the minimum requirements and the Press Release from Bank for International Settlements (BIS) website address: (http://www.bis.org). If you have any questions related to this subject, you may refer these to any member of the SAMA's Basel Ill Team. ,?i' / l$.i�I ,$"__01 �I�.:,.., �n9.o Ii r:.1 ti \Ao ...----9)11 \ t f i /. 9./. C, �)] 6Lli.j.JI ll I II IIIII\II I l Ill II II I IIIIII IIIII Ill 1000012003300461852 cl \ t Dr. Abdulrahman Al Kalaf Deputy Governor for Technical Affairs 1)/. P. 0. Box 2992 - Riyadh 11169, Saudi Arabia - Tel.: 01-463 3000 - Telex 404390 SJ - Fax 01-466 2119