Regulatory Alerts2011-02-13
Added · Updated
Basel Committee Final Elements on Regulatory Capital Reform and Loss Absorbency at the Point of Non-Viability
The Basel Committee, communicated through the Saudi Arabian Monetary Agency, requires banks issuing additional tier-1 or tier-2 capital instruments to meet minimum loss absorbency standards at the point of non-viability before taxpayers bear losses. These newly defined requirements supplement the December 2010 Basel III capital rules and take immediate effect upon the circular's issuance. All Saudi banks must incorporate these standards into their capital planning and instrument structuring processes to ensure regulatory compliance.
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