Regulatory Alerts2012-12-29
SAMA Final Guidance Documents on Basel III Pillar 3 Implementation
The Saudi Arabian Monetary Agency has issued final guidance documents and reporting templates to implement Basel III Pillar 3 disclosure requirements for all banks. Effective 30 June 2013, these quantitative and qualitative templates supersede prior Basel II reporting formats while maintaining existing guidance notes, with a delayed rollout for the Internal Models Approach pending further Basel Committee decisions. Institutions must submit their first quarterly disclosure by 30 October 2013, adhering to a reporting schedule that varies between quarterly, semi-annual, and annual frequencies based on specific template requirements.
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