2015-07-09
Added · Updated
The Saudi Arabian Monetary Agency (SAMA) has issued amendments, corrections, and clarifications to its Liquidity Coverage Ratio (LCR) rules for all banks. These revisions follow a review of SAMA's LCR rules by the Basel Regulatory Consistency Assessment Program (RCAP) Team and are detailed in attached guidance and a previous circular. All banks are required to implement these changes immediately, effective from the date of this circular.
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Saudi Arabian Monetary Agency
BANKING CONTROL
الرقم : 361000127011
التاريخ : 1436/09/22
المرفقات :
From : Saudi Arabian Monetary Agency (SAMA)
To : All Banks
Attention : Managing Directors, Chief Executive Officers and General Managers
Subject : Amendments in LCR rules
In view of a recent review of SAMA LCR rules by the Basel Regulatory Consistency Assessment Program (RCAP) Team, there are few corrections, clarifications and amendments to SAMA LCR rules. These are highlighted in the attached documents as below:
a. SAMA's General and Specific Guidance concerning amended LCR dated November 2014. b. SAMA's circular # 351000133366 dated 25 August 2014 concerning BCBS Document regarding Liquidity Coverage Ratio Disclosure Standards
Banks are advised to follow these changes with effect from the date of this circular.
[Signature]
Osamah M. Shaker
Director General of Banking Control
P.O. Box 2992 - Riyadh-11169, Saudi Arabia - Tel : 011-463 3000 - Telex 404390 SJ - Fax : 011-463 2090
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Source: Saudi Central Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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