Regulatory Alerts2012-11-13
Guidance on Implementation of Capital Reforms Under the Basel III Framework
SAMA mandates the continuation of quarterly monitoring for Leverage and Liquidity Ratios while initiating Basel III Capital Ratio assessments effective 1 January 2013. Banks must submit their first quarterly prudential returns for data as of 31 March 2013 by 30 April 2013, undergoing parallel runs for Capital Adequacy Ratios from January through June 2013. Following this transitional period, the existing Basel II and II.5 regulatory capital frameworks will be fully discontinued to establish Basel III as the sole standard.
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