Regulatory Alerts2020-10-06
Interest Rates on Assets and Liabilities Reporting Guidelines
The Saudi Arabian Monetary Authority (SAMA) has updated its guidelines and templates to standardize the quarterly reporting of weighted average interest rates, balances, and maturities for assets and liabilities across all domestic banks. The updated framework mandates submission within thirty days of each quarter-end, requires CFO sign-off, and introduces three reporting templates categorized by product type, sector (ISIC4), and Sharia-compliance status. It further clarifies calculation methodologies for weighted average rates, benchmark rate inclusion, and mutual exclusivity of asset/liability classifications to ensure accurate prudential data aggregation.
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