Regulatory Alerts2008-12-05
Basel Committee Guidance on Principles for Sound Liquidity Risk Management and Supervision
The Saudi Arabian Monetary Agency requires all domestic banks to evaluate their liquidity risk management frameworks against the Basel Committee’s Principles for Sound Liquidity Risk Management and Supervision. Banks must conduct an internal audit review, assess compliance across five rating levels, and identify specific weaknesses or gaps for any principles rated below fully compliant. Each institution must submit a detailed corrective action plan with implementation timelines to the Agency by 31 March 2009, while foreign bank branches remain exempt from this specific review.
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